OECD: China GDP Will Grow Faster Than 11% Throughout The Year.

In the global economic "two bottom" concerns, the world economic cooperation and development organization is optimistic.

Yesterday, OECD released its outlook for global economic recovery in Ningbo.

The organization predicts that the world economy will maintain a good momentum of growth and China's economy will continue to grow at a high speed.

OECD, director of the monetary policy and financial market division of the Ministry of economic affairs, Boris Connell, on behalf of the organization, issued the above prediction on the closing day of the third China open forum.

The organization expects that China's economic growth rate will exceed 11% this year, but with the decline of policy stimulus, it will drop to around 10% next year.

In the major economies, the improvement of the US financial situation and the increase in corporate profits will lead to an increase in market demand. Economic growth will maintain a good momentum in the two quarter, but the end of inventory adjustment and the normalization of financial policies will make growth slightly shrink. In the eurozone, the European debt crisis will not continue to affect confidence for a long time, and Europe will enter a moderate growth period.

Tip: the organization for economic cooperation and development (OECD), referred to as the OECD, is an intergovernmental international economic organization consisting of 30 market economies. It aims to tackle challenges brought about by globalization in terms of economic, social and government governance, and to grasp the opportunities brought by globalization.