By Catherine L. Mann, OECD Chief Economist and Head of Economics Department Global growth is projected to pick up to around 3½ per cent in 2018, from just under 3% in 2016 in our latest Interim Economic Outlook. The forecast modest recovery is supported by fiscal initiatives in major economies and broadly unchanged from the November … More Will risks and financial vulnerabilities derail the modest recovery?
by Patrice Ollivaud, Economist, OECD Economics Department, Pierre-Alain Pionnier, Head of Unit, OECD Statistics Directorate and Cyrille Schwellnus, Senior Economist, OECD Economics Department How was it possible not to see the Great Recession of 2008-09 coming? How could economic forecasters blindly ignore financial developments? These are typical questions asked by the media in the wake … More Forecasting GDP during and after the Great Recession