OECD: world’s gross domestic product has reached pre-crisis levels

World economy reaches pre-epidemic level

In its latest global economic growth forecast released on Tuesday as a review of the May Economic Outlook, the OECD forecasts global GDP growth of 5.7 percent this year and 4.5 percent by 2022.

This year’s growth forecast has been revised down 0.1 percentage point and growth in 2022 has been revised up 0.1 percentage point from the forecast released in May. Global gross domestic product fell 3.4 percent last year. (MTI)