Trade Has Derailed Global Recovery: OECD's Boone

The video discusses the challenges of measuring global growth amid trade tensions and weakened economic conditions. It highlights the role of monetary and fiscal policies in supporting growth, emphasizing the need for investment and regulatory reforms. The discussion critiques EU financial policies and examines the accommodative nature of current monetary and financial conditions, suggesting that these conditions should be leveraged for increased investment.

What has been identified as a major factor derailing global recovery since 2017?

• Technological advancements

• Trade tensions

• Political instability

• Natural disasters

What is a key consideration for countries if trade tensions continue?

• Reducing interest rates further

• Increasing military spending

• Utilizing fiscal policy tools

• Relying solely on central banks

What is the current state of monetary policy according to the discussion?

• Moderately tight

• Hugely accommodative

• Highly restrictive

• Completely ineffective

What should governments focus on to take advantage of current financial conditions?

• Cutting public spending

• Investing more

• Increasing taxes

• Reducing workforce

What is one of the challenges faced by banks due to the current monetary policy?

• Excessive profits

• High inflation rates

• Lack of competition

• Flat yield curve