OECD's Gurria Calls Uncertainty the Greatest Enemy of Growth

The video discusses the global economic outlook, highlighting China's growth rate and the IMF's confirmation of a deceleration in world growth. It examines the impact of trade tensions on investment and growth, emphasizing the uncertainty they create. The risks to global growth are explored, with a focus on the consequences of trade actions. The discussion shifts to Brexit, its systemic implications, and its impact on Europe. Various future scenarios and their implications for the UK and EU are considered, with a growing concern about a no-deal Brexit.

What growth rate is China expected to achieve according to the discussion?

• 6.6%

• 5.5%

• 4.5%

• 7.6%

What is identified as the main obstacle to global economic growth?

• Technological advancements

• Environmental issues

• Government policies

• Trade tensions

How do trade tensions primarily affect future economic growth?

• By stabilizing currency values

• By increasing consumer spending

• By reducing investment

• By boosting exports

What is considered the greatest enemy of growth in the current economic climate?

• Uncertainty

• Inflation

• High interest rates

• Labor shortages

What is one of the big elements of uncertainty affecting Europe?

• Brexit

• Climate change

• Technological innovation

• Population growth

Why is Brexit considered systemic?

• It only affects the UK

• It is a temporary issue

• It involves a major economy leaving the EU

• It has no impact on global markets

What is the likelihood of a no-deal Brexit according to the discussion?

• Unchanged

• Increasing

• Stable

• Decreasing