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Economy

Global economic development faced with big uncertainty: OECD official

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2015-08-11 11:05Xinhuanet Editor: Gu Liping

The development prospective of world economy is faced with big uncertainty, said an OECD official during an exclusive interview with Xinhuanet lately.

Carl Dahlman, head of Global Development Research at Development Center of Organization for Economic Cooperation and Development (OECD), made this point when analyzing the recovery from the severe financial crisis, which, in his opinion, is slow.

The U.S. is beginning to recover, but the euro zone is not and is still very fragile, as there still exists an increase of uncertainty, Dahlman said.

"For example, if you look at the multinational corporations, they're making a lot of profits, but they are not investing, not because they don't want to invest, because they don't know what to invest in," he said.

To the decrease of investment worldwide, Dahlman said the uncertainty and risks are the major cause, during his speech on the second day of the three-day Global Governance and Open Economy: 2015 G20 Think Tank Summit in Beijing, which brings together experts and reporters from around the world.

He noted that geographic political factors in some countries and regions have brought complexity to regional development and affected the whole world, because the world is increasingly interconnected in many ways by the means of technology.

He suggested G20 to have a better platform of idea sharing about global challenges and risks, and a better system for involvement and cooperation.

  

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