China's economic growth is expected to slow down, with the OECD forecasting a growth rate of 5.2% for 2023, and a decrease to 4.7% in 2024 and 4.2% in 2025. The global economy is projected to grow at 2.9% in 2023, with a mild slowdown to 2.7% in 2024, followed by a slight improvement to 3% in 2025, according to the OECD. The German economy is projected to grow by 0.6% in 2024 and 1.2% in 2025, after contracting slightly in 2023. The US GDP is expected to grow by 2.4% in 2023, 1.5% in 2024, and 1.7% in 2025, while the UK's growth forecast has been raised to 0.5% in 2023 and trimmed to 0.7% in 2024, with a projection of 1.2% in 2025. Euro GDP is expected to grow by 0.6% in 2023, 0.9% in 2024, and 1.5% in 2025, with a slight trim in the 2024 growth forecast to 0.9% from 1.1% previously.
Yesterday's "OECD forecast update reveals overall global growth slowing to a below trend 2.7% in 2024 from 2.9% in 2023, but then re-accelerating to a trend-like 3.0% in 2025." @JeffreyKleintop https://t.co/8j8wPwqocD
The global economy is expected to grow at 2.9% in 2023, followed by a mild slowdown to 2.7% in 2024 and a slight improvement to 3% in 2025, the Organization for Economic Cooperation and Development (OECD) said Wednesday. https://t.co/3kqFsJiqBK
#OECD raised forecast of #China's economic #growth in 2023 to 5.2% from previous 5.1%, expecting growth to slow to 4.7% in 2024 and 4.2% in 2025. https://t.co/haGgRmRhhd
⚠️ GERMAN GDP TO EXPAND IN 2024, BUT COURT RULING COULD LOWER GROWTH - OECD The German economy is projected to grow by 0.6% in 2024 and 1.2% in 2025, after contracting slightly in 2023, according to forecasts from the Organisation for Economic Cooperation and Development (OECD)… https://t.co/8UNvzBaoW6
🔴 OECD: US GDP IS TO GROW 2.4% IN 2023, 1.5% IN 2024 AND 1.7% IN 2025.
🔴 OECD: EURO GDP TO GROW 0.6% IN 2023, 0.9% IN 2024, 1.5% IN 2025.
🔴 OECD SEES 2023 CHINESE GROWTH OF 5.2% (5.1% PREVIOUSLY), 4.7 IN 2024 (4.6% PREVIOUSLY) AND 4.2% IN 2025.
🔴 OECD TRIMS 2023 GLOBAL GDP GROWTH TO 2.9% (3.0% PREVIOUSLY), SEES 2.7% IN 2024 (UNCHANGED) AND 3.0% IN 2025 (FIRST ESTIMATE).
🔴 OECD SEES 2023 EURO AREA GROWTH OF 0.6% (UNCHANGED), TRIMS 2024 GROWTH TO 0.9% (1.1% PREVIOUSLY) AND SEES 1.5% IN 2025.
🔴 OECD RAISES UK GROWTH FORECAST TO 0.5% IN 2023 (0.3% PREVIOUSLY), TRIMS 2024 TO 0.7% (0.8% PREVIOUSLY) AND SEES 1.2% IN 2025.
After four decades of fast growth, China is entering an era of disappointment https://t.co/kRCSiIDsZO 👇
China’s official economic growth target for 2024 will be a consequential number. It will also pose a dilemma for the country’s rulers https://t.co/fKoCvTFAUf 🌐
After four decades of fast growth, China is entering an era of disappointment https://t.co/TsORHFc1PK 👇