The OECD sees positively the economic plans of Donald Trump
The Organisation for Economic Cooperation and Development positively accept the choice of the US president Donald Trump. The organization said Trump's plan to reduce taxes and public spending, while increasing investment in infrastructure, boost the US economy, which have a positive impact on the world economy. However, the OECD warned of the dangers of protectionism.
The Paris-based organization's secretary general, Angel Gurria emphasized that the traps of weak growth, which has been warned many times, are still here. However, there is reason to hope that the world economy is at a turning point.
The recent OECD estimates that this year's 2.9 percent to 3.3 percent next year, accelerating the growth rate of the global economy in 2018 and could reach 3.6 percent.
The US economy may expand 2.3 percent next year, in September, 2.1 percent growth is still expected. 2018 has been a substantial increase up to 3 percent of the economy, if successful economic policies Trump. According to the OECD so the current unemployment rate of 4.9 per cent decrease in 2018 up to 4.5 per cent. Inflation this year's increase of 1.2 per cent to 2.2 per cent, which is based on whether the Fed will raise its key rate to 2 percent even by the end of 2018.
Since September, the OECD eased pessimism about the Brexit well. The British economy this year instead of the expected 1.8 percentage can grow up to 2 percent, although the next two years, this rate may slow by half.
Due to the loose monetary policy of the euro zone economy is brighter sees the OECD, which is 1.7 percent this year and may grow 1.6 percent next year.
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