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The world economy confirms its recovery, but the debt worries

The world economy confirms its recovery, with GDP improvements of 3.5% in 2017 and 3.7% in 2018, although not in a "solid or inclusive" manner in a context marred by the high indebtedness of households and non-financial companies, warned the OECD.

Paris, Nov 28 (EFE) .- The world economy confirms its recovery, with GDP improvements of 3.5% in 2017 and 3.7% in 2018, although not in a "solid or inclusive" way in a Marked by the high indebtedness of households and non-financial companies, the OECD warned.

In the semi-annual report of Perspectives of the Organization for Cooperation and Economic Development (OECD), its chief economist, Catherine Mann, acknowledged that there are "positive signs" such as the rebound in business investment, but not firm enough for it to extend during 2019, when the economy is expected to slow down (3.6%).

"Governments have to put in place deeper political changes to channel investment, productivity and wage increases to achieve a more inclusive type of growth, "said Mann.

The Paris-based agency advocates for economic reforms that facilitate international trade and that serve to reduce taxes in companies, among others.

The OECD perspectives attribute the improvement of the semi-annual perspectives to the stimulus policies and remember that the progression of the gross domestic product (GDP) was not so high since 2010, after the beginning of the global crisis.

The agency maintains its projections the economic improvement for 2017 in the 3.6% -the same percentage as in last June- and raises the perspective of 2018, from 3.6% to 3.7%.

Despite this that the levels of per capita income registered before the outbreak of the crisis have not yet been reached, in 2008.

The most positive variations of their projections with respect to those of the summer are again for the euro zone, with an increase of 2.4% in 2017 (three tenths more than in June) and 2.1% in 2018 (two tenths more).

There is a perspectives for the United States (2.2% in 2017 and 2.5% in 2018).

The indicators of the United Kingdom confirm their tendency to languish in 2017 - one tenth more, up to 1.5% rise of two tenths in 2018, to 1.2% thanks to the positive impact resulting from the transition period agreed between London and Brussels for the departure of the United Kingdom from the EU.

Another of the giants of the world economy, China, improves the projections for June with an increase in GDP in 2017 of 6.8% - two tenths more - and 6.6% in 2018 tenths better- thanks to the strength of the services sector and some strategic industries.

Brazil, another of the large emerging countries that do not belong to the organization, has finally its economic recovery has restarted after eight consecutive quarters down and will grow 0.7% in 2017 - the same as expected in June - and 1.9% in 2018, three tenths more than disclosed a semester ago.

Indebtedness in the private sector and in households generates concern in the OECD, especially in countries such as China.

In the most advanced economies, It is feared that the long period of low interest has stimulated too risky decisions and inflated the prices of the real estate market.

"The countries highly Indebted people can be vulnerable to financial shocks and this debt can weigh on economic growth in the medium term, "the Paris-based agency warned.

The OECD also analyzed the role of central banks in this period of economic recovery and advised withdrawing the monetary stimulus in force in recent years, although gradually that inflation - lower than desired - is due to factors beyond the control of regulatory banks.

The OECD, founded in 1961 and based in Paris, groups 35 member countries of all the world with the mission of promoting policies that improve the economic and social welfare of the world, and to it belong the most developed nations and other emerging nations such as Mexico, Chile and Turkey.

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