OECD: New reforms to be implemented to combat economic crisis

OECD: New reforms to be implemented to combat economic crisis

OECD

The recent reports by the Organization for Economic Cooperation and Development (OECD) warned that the pandemic has brought down the economy on its knees and has warned the growth of the global economy might drop down to 4.5%, since WWII. The business leaders from the B20 group have called for the reforms urgently. The global economy is undergoing the worst crisis in the past 100 years and has ordered urgent reforms that need to be implemented in the G-20 Summit that is supposed to be held in November and will be hosted by Saudi Arabia. These reforms include 25 recommendations that are divided into three categories namely empowering people, safeguarding the planet and shaping new frontiers.

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