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00:00 The Organization for Economic Cooperation and Development has brought us positive news
00:06 this time with its latest report on the global economy
00:11 where it raised the expected growth of the economy from 2.9 to 3.1 percent
00:18 for this year 2024
00:21 This comes with support from the migration that we are going to see to the advanced markets and advanced countries
00:31 For the OECD, the expectations of economic growth for this year are high
00:38 as well as for 2025
00:41 and one of the reasons that contribute to this is the expectations of the inflation rate
00:49 which is 3.1 percent for this year
00:54 and 3.2 percent for 2025
01:00 This picture may seem positive, but it is also different from one place to another
01:08 In the advanced markets, although the United Kingdom benefited from the migration of workers to it
01:16 it is expected to grow only by 0.5 percent
01:21 while in the United States, its expectations rose to 2.6 percent
01:27 and this is in line with what is believed to be a kind of soft landing for the economy
01:35 but it is still a strong growth and is expected to see more references in 2025
01:42 but for the 20 group, the expectations are 3.1 percent
01:47 and according to the organization, Argentina will continue to suffer from the economy
01:53 and the Kingdom of Saudi Arabia will also see a decline in growth of 20 percent
01:59 and this picture today is different from what we heard from the IMF
02:05 and therefore some contradictions have been raised in these numbers
02:10 but in general, Germany will continue to suffer and this will put pressure on the European economy
02:18 and the Euro area, although some improvements have been made in growth
02:23 and this shows the strong differences, but the group of India, Indonesia, China and Turkey are the main ones
02:31 and it is clear that the emerging markets under the leadership of India are the ones that have a greater share of this global economy
02:40 as for the other numbers that were issued in this report
02:46 of course, the economic levels of the United States, China and Japan have been rejected
02:50 and the Euro area will remain under pressure and the reason is Japan
02:55 and this is for the American economy, 2.6 percent growth this year, down to 1.8 percent in 2025
03:03 and they did not expect any kind of economic decline
03:08 and for China's growth expectations, it is very close to the target of the Chinese administration
03:14 at 5 percent, expectations at 4.9 percent this year, meaning a 4.5 percent decline in the next year
03:21 and this is a improvement from the previous expectations
03:26 and for Japan, the situation is also very close, so the economic expectations for the coming period
03:32 with the support of the affordable monetary policies
03:35 and as for the Euro area, 0.6 percent growth this year
03:41 of course, under pressure from the major economies, especially from the weak economy that Germany has issued
03:46 with the hope of improving in the coming year, but it remains far from the growth levels
03:51 that we see in the United States
03:54 one of the most prominent things that will support this growth is the slow growth
04:00 slow growth means that it is in the monetary policy, this means that there is a decrease in the interest rates
04:08 and this may help, especially the emerging markets, to continue to grow, even the advanced markets
04:16 will this be achieved? We do not know, because it is still one of the most important risks for the OECD
04:22 between the high inflation rates may slow down the interest rates
04:26 but most likely, we will see even a balance in the economies between the United States, Japan, the Euro area and even the emerging markets
04:34 the rise of geopolitical tensions is also one of the most important risks, especially since last year
04:40 we have been carrying it until 2024, the continuation of weakness in the real estate market in China
04:46 and the fear of spreading to other places, and of course, the more issuance of debts
04:52 which is also a kind of risk when it comes to financial stability
04:57 these are some of the most important risks, but the general view is still negative