For the first time in a decade, the world’s major economies are growing in sync, a result of lingering low-interest-rate stimulus from central banks and the gradual fading of crises that over years ricocheted from the U.S. to Greece, Brazil and beyond. All 45 countries tracked by the Organization for Economic Cooperation and Development are on track to achieve economic growth this year, and 33 of them are poised to grow faster as compared to last year, according to the OECD. It is the first time since 2007 that all are growing, with the highest number of countries to see a growth acceleration since 2010.
JUMORE Reviews
With the wide acceptance of globalization by more and more countries, it has been a consensus to seek mutually beneficial and win-win cooperation in a variety of areas. This is good for each country to cope with economic crisis and trade risks during the economic development by working together and could be an important factor that causes the synchronized growth of the global economy.
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