Team Blitz India
REFLECTING on the global economy’s resilience amidst challenges such as the Covid-19 pandemic, Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), projected the global economy to grow at 2.9 per cent this year and 3 per cent in the next year.
He reiterated the importance of addressing structural challenges such as climate change and digital transformation, alongside the imperative to enhance global cooperation. Cormann also stressed the significance of the World Governments Summit in fostering innovative and creative thinking while speaking to the Emirates News Agency (WAM) on the sidelines of the WGS 2024 on February 13.
“So, we’ve worked closely with the World Governments Summit for more than a decade. And it’s a very important opportunity to look forward to drive innovative thinking and focus on best practices. And indeed, every year this is a way to really focus on the challenges and opportunities of our time,” the OECD Secretary-General said.
The UAE, he stated, is a very important economic leader and has performed exceptionally well in driving economy and governance, innovation and as a key strategic hub economy across the broader Middle East.
Cormann acknowledged WGS’s pioneering role in finding solutions to propel economic development, and spoke of the necessity of exceptional economic and social policies to support global growth. While speaking to the news agency, he reiterated the importance of leveraging climate finance to support emission reduction efforts worldwide, underscoring the significance of ongoing collaboration and innovation in addressing global challenges.
