The time is ripe for countries to get their public finances into better shape, the new chief economist of the OECD has said, with the coronavirus pandemic and energy crisis fading into the background.
Speaking to the Financial Times in Paris ahead of presenting the international organisation’s global forecasts on Wednesday, Clare Lombardelli said the world economy was set to expand by 2.7 per cent in 2023 and 2.9 per cent in 2024.
The better backdrop meant it was now time for governments to rebuild their fiscal buffers, helping to fight high inflation and putting countries in a better position to deal with the costs of an ageing population.
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