The OECD has upped its growth forecast for the global economy for this year and the next,... but has issued a warning over the rising tide of trade protectionism.
The Paris-based agency raised its forecast to three-point-nine percent for both years,... adding that improvements are expected in almost every nation minus Russia.
The report attributed tax reform and government spending in major economies as the main factors behind the upward revision.
For South Korea,... the OECD kept its forecast at three percent for this year and the next,... but added that recovering global trade and government policies like the minimum wage hike and more welfare spending will support growth.