Bloomberg Talks OECD Secretary General Mathias Cormann Talks Global Economy Uncertainty
Jul 18, 2025
Mathias Cormann, Secretary General of the OECD, delves into the complexities of the global economy, highlighting its uncertainty shaped by inflation and policy challenges. He discusses the importance of cooperation among G7 countries to tackle pressing issues and ensure fair trade. Cormann also provides insights on the global minimum tax initiative, examining its evolution and the critical role of international collaboration. Tune in as he navigates the balancing act between competing global interests during major meetings like the G20 finance ministers' gathering.
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Global Economy Faces Uncertainty
- Global economic growth forecasts have been downgraded with inflation expected to stay high longer.
- Policy uncertainty, trade restrictions, and tighter financial conditions lower consumer and business confidence.
Global Cooperation Persists Amidst Risks
- The G7 countries are cooperating constructively, minimizing risks of division in the global order.
- Dialogue and cooperation remain vital to improve global trade rules fairly while preserving open markets.
Promote Dialogue in Trade Issues
- Countries should address global trade issues through dialogue and cooperation.
- This approach helps maintain open markets' economic benefits with fairer and better global trading arrangements.