Shanghai, September 21- The OECD yesterday released a report saying several major economies are expected to accelerate growth in one or two years, reflecting the recovery of the global economy is becoming more synchronous, while medium-term growth prospects are still unstable.

The report on Medium-term Economic Outlook predicts that the global growth will reach 3.5% this year, unchanged from June’s forecast. Growth will be 3.7% next year, 0.1% higher than previously expected.

The report once again calls on policymakers to make balanced monetary and fiscal policies, better use of tax and spending policies to achieve inclusive growth and structural reform.

The eurozone will grow at 2.1% and 1.9% this year and next, up 0.3% and 0.1%, respectively, according to the report. The economic growth forecasts for the next two years of Germany, France and other key eurozone countries have been raised.

The Japanese economy is expected to grow by 1.6% and 1.2% this year and next, the U.S. economy is expected to grow by 2.1% and 2.4%, while the UK economy is expected to grow 1.6% and 1.0%.

The report says growth in major emerging economies has generally improved and that China is expected to grow 6.8 % and 6.6 % this year and next, both higher than previously thought.

Russia will grow by about 2.0 % this year and next. However, India’s economic growth forecast for the next two years was revised down to 6.7 % and 7.2 %, as a result of the commodity service tax reform.