{"id":547985,"date":"2021-06-01T11:21:26","date_gmt":"2021-06-01T15:21:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=547985"},"modified":"2021-06-01T11:21:27","modified_gmt":"2021-06-01T15:21:27","slug":"oecd-u-s-economy-to-speed-up-to-6-9-in-2021-but-inflation-bites","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oecd-u-s-economy-to-speed-up-to-6-9-in-2021-but-inflation-bites\/","title":{"rendered":"OECD: U.S. economy to speed up to 6.9% in 2021, but inflation bites"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foecd-u-s-economy-to-speed-up-to-6-9-in-2021-but-inflation-bites%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=547985&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2415759\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2415759\" class=\"wp-caption-text\">Outgoing Secretary General of the Organisation for Economic Cooperation and Development (OECD) Angel Gurria delivers his speech during the handover ceremony at the OECD headquarters in Paris. (Ian Langsdon, Pool via AP)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 8:10 AM PT \u2013 Tuesday, June 1, 2021<\/h5>\n<p>An international economics monitor projected U.S. GDP growth to gain momentum in coming months. The Organisation for Economic Co-operation and Development shared insight on the post-pandemic economic outlook and warned of several anticipated issues.<\/p>\n<p>During their ministerial council meeting on Monday, OECD Secretary General Angel Gurria reported the global economy was heading toward a level of growth that would have been unthinkable when the pandemic began.<\/p>\n<p>\u201cIn a few countries including the United States,\u201d Gurria explained. \u201cWe now see the level of GDP at the end of 2022 being higher than the one we had projected before the pandemic struck.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The latest <a href=\"https:\/\/twitter.com\/OECD?ref_src=twsrc%5Etfw\">@OECD<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/EconomicOutlook?src=hash&amp;ref_src=twsrc%5Etfw\">#EconomicOutlook<\/a> sees global output rising in 2021 by 5.8% and in 2022 by 4.4%. Progress in the rollout of vaccinations, as well as government support to people &amp; companies remain paramount for the recovery to take hold <a href=\"https:\/\/t.co\/nA04Qd1Lsa\">pic.twitter.com\/nA04Qd1Lsa<\/a><\/p>\n<p>\u2014 Angel Gurr\u00eda (@A_Gurria) <a href=\"https:\/\/twitter.com\/A_Gurria\/status\/1399352354319781892?ref_src=twsrc%5Etfw\">May 31, 2021<\/a><\/p>\n<\/blockquote>\n<p>The OECD 2021 economic outlook report predicts the American economy will grow 6.9 percent this year. Joe Biden\u2019s spending plans and money printing by the Federal Reserve will be the driving factors behind this growth. However, investors are concerned elevated inflation could rise up to 5 percent and, as a result, erase the benefits of this growth for American households.<\/p>\n<p>Despite their apparent support for the big spending plans proposed by the Biden administration, the OECD warned about the dangers that rising levels of national debt could create across the advanced economies this year. Economists are also expecting the economic growth to plateau in 2022, while the risks of inflation and currency devaluations may pose the threat of stagflation.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/delegation-of-gop-senators-touchdown-in-israel-to-show-commitment-to-strengthening-diplomatic-ties\/\">Delegation Of GOP Senators Touchdown In Israel To Show Commitment To Strengthening Diplomatic Ties<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Outgoing Secretary General of the Organisation for Economic Cooperation and Development (OECD) Angel Gurria delivers his speech during the handover ceremony at the OECD headquarters in Paris. (Ian Langsdon, Pool &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2278757,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-547985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/547985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=547985"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/547985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2278757"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=547985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=547985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=547985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}