Oliver Mangan: Real risks to global growth prospects still exist

OECD chief economist Dr Laurence Boone. The OECD is bullish about global growth, but admits risks remain.

The mid-year update from the OECD on the world economic outlook, published last week, paints quite an optimistic picture on the prospects for global growth.

World GDP is projected to rise by 5.8% in 2021 and 4.4% in 2022, having contracted by 3.5% last year.