OECD lifts 2020 GDP view, citing U.S. and China performance
The Organization for Economic Cooperation and Development on Tuesday boosted its global economic outlook while warning policy makers not to tighten policy too quickly.
The OECD credited the improvement to better-than expected outcomes for China and the U.S. in the first half of this year, and a response by governments on a massive scale. But the Paris-based organization said output in many countries at the end of 2021 will still be below the levels at the end of 2019, and well below what was projected before the pandemic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Bidenomics learned from Obama’s regretsBarack Obama entered the White House during a recession, quickly pushed through a sizable stimulus package and then spent the next several years realizing it wasn’t nearly big enough. Joe Biden is determined not to have the same regrets if he wins.
Read more »
L.A. officials warn against lifting COVID-19 restrictions until a review of Labor Day weekend dataCalifornia’s COVID-19 case count and hospitalizations are declining, but L.A. County officials won't budge on lifting restrictions, fearing reversal.
Read more »
Trump Aide Michael Caputo Launches Unhinged Attack on CDC, Warns of InsurrectionThe former Trump campaign official baselessly accused CDC scientists of “sedition” and warned of an armed revolt against the president.
Read more »
US issues sweeping new travel warning for China, Hong KongBEIJING (AP) — The U.S. on Tuesday issued a sweeping new advisory warning against travel to mainland China and Hong Kong, citing the risk of “arbitrary detention' and “arbitrary enforcement of...
Read more »
Florida city repeals 13-year ban on saggy pants; signs still warn against itAfter 13 years, a South Florida city has overturned a ban on “saggy pants” – bottoms that reveal the wearer’s underwear.
Read more »