The Organization for Economic Co-operation and Development (OECD) has revised its global economic growth forecasts, indicating improvements across several major economies. For 2024, the OECD has increased China's growth outlook from 4.7% to 4.9%, and for 2025, from 4.2% to 4.5%. The Euro Zone's forecast for 2024 has been raised to 0.7% from 0.6%, and for 2025 to 1.5% from 1.3%. Additionally, the 2024 global growth forecast has been adjusted to 3.1% from 2.9%, with a 2025 forecast of 3.2% from 3.0%. The U.S. forecast for 2024 was revised upwards to 2.6% from 2.1%, and 2025's outlook slightly increased to 1.8% from 1.7%. Conversely, the UK's growth projection for 2024 has been lowered to 0.4% from 0.7%, with the 2025 forecast also reduced to 1% from 1.2%.
OECD RAISES 2024 WORLD GDP FORECAST TO 3.1% FROM 2.9%
OECD SEES 2024 UK GROWTH OF 0.4% (0.7% PREVIOUSLY), 1% IN 2025 (1.2% PREVIOUSLY).
🌎 The #OECD raised the 2024 global growth forecast to 3.1% — from 2.9% in February — with notable improvements in its expectations for the US, China and India - Bloomberg ➡ That's broadly in line with my view and above consensus of 2.9%. https://t.co/dhWK6dJcuc
OECD RAISES CHINESE 2024 GROWTH OUTLOOK TO 4.9% (4.7% PREVIOUSLY) AND 2025 TO 4.5% (4.2% PREVIOUSLY).
OECD RAISES 2024 GLOBAL GROWTH FORECAST TO 3.1% (VS 2.9% IN FEBRUARY), SEES 3.2% IN 2025 (VS 3% IN FEBRUARY).
OECD SEES 2024 UK GROWTH OF 0.4% (0.7% PREVIOUSLY), 1% IN 2025 (1.2% PREVIOUSLY)
OECD RAISES EURO ZONE GROWTH FORECAST TO 0.7% (0.6% PREVIOUSLY), RAISES 2025 TO 1.5% (1.3% PREVIOUSLY)
OECD RAISES CHINESE 2024 GROWTH OUTLOOK TO 4.9% (4.7% PREVIOUSLY) AND 2025 TO 4.5% (4.2% PREVIOUSLY)
OECD RAISES 2024 US GROWTH FORECAST TO 2.6% (2.1% PREVIOUSLY), SEES 2025 AT 1.8% (1.7% PREVIOUSLY).
OECD RAISES 2024 WORLD GDP FORECAST TO 3.1% FROM 2.9%.
OECD RAISES EURO ZONE GROWTH FORECAST TO 0.7% (0.6% PREVIOUSLY) AND RAISES 2025 TO 1.5% (1.3% PREVIOUSLY).