A bigger problem than recession?

Good morning. Bloomberg #]Markets on the OECD joining those warning about global growth: "The global economy is stuck in a rut that it won’t exit unless governments revolutionize policies and how they invest, rather than just hoping for a cyclical upswing." https://lnkd.in/eZdqgyC #financeandeconomy #economy #growth #oecd #bloomberg #markets

I thought I was sometimes pretty radical with the unsustainable course of the world economy. But now, as I read the new and OECD economic outlook called 'Turn the Tide', radicalism is becoming more mainstream. An excellent analysis of the challenges ahead for the world economy and the policy responses that should follow. The OECD is very clear on what must be done by policy makers: - Invest in a greener, more sustainable economy - Stop distorting trade - Make the tax system fairer Hopefully policy makers will pick it up. Very, very soon. Outlook: https://lnkd.in/gkgAAFr

I am sure you all will agree with this OECD statement “The alarm bells are ringing loud and clear. Unless governments take decisive action to help boost investment, adapt their economies to the challenges of our time and build an open, fair and rules-based trading system, we are heading for a long-term future of low growth and declining living standards.” #worldoutofwhack

Good morning. Bloomberg #]Markets on the OECD joining those warning about global growth: "The global economy is stuck in a rut that it won’t exit unless governments revolutionize policies and how they invest, rather than just hoping for a cyclical upswing." https://lnkd.in/eZdqgyC #financeandeconomy #economy #growth #oecd #bloomberg #markets

?? The outlook for the global #economy is worrying. World GDP growth is expected to be 2.9% this year – its lowest annual rate since the #FinancialCrisis – and remain at 2.9%-3.0% in 2020 and 2021. Unless bold action is taken by governments now, sluggish activity will become entrenched, threatening jobs and living standards for years to come. Find out more in our ?? #EconomicOutlook ?? https://oe.cd/ECO