The OECD has upgraded its global growth outlook for 2024, with the U.S. leading the way in economic performance. The forecast for global growth has been raised to 3.1% for 2024 and 3.2% for 2025, with strong performances in the U.S. and emerging countries driving the increase. However, Japan's outlook has been cut sharply, while Europe is lagging behind in economic growth. The OECD notes that global economic growth is improving, with inflation expected to cool faster than previously anticipated in many countries.
Projected GDP growth in 2024. ๐ฎ๐ณ India: 6.3% ๐ฎ๐ฉ Indonesia: 5% ๐จ๐ณ China: 4.2% ๐ธ๐ฆ Saudi: 4% ๐น๐ท Turkey: 3% ๐ฟ๐ฆ South Africa: 1.8% ๐จ๐ฆ Canada: 1.6% ๐บ๐ธ US: 1.5% ๐ง๐ท Brazil: 1.5% ๐ซ๐ท France: 1.3% ๐ท๐บ Russia: 1.1% ๐ฏ๐ต Japan: 1% ๐ฉ๐ช Germany: 0.9% ๐ฎ๐น Italy: 0.7% ๐ฌ๐ง UK: 0.6% (IMF)
GDP growth forecast for 2024 from OECD: India ๐ฎ๐ณ: 6.6% China ๐จ๐ณ: 4.9% World ๐: 3.1% USA ๐บ๐ธ: 2.6% EU๐ช๐บ: 0.7% UK ๐ฌ๐ง: 0.4% Germany ๐ฉ๐ช: 0.2% #economy #fridaymorning https://t.co/LGiUXDxGb3
On May 2, the #GDPNow model nowcast of real GDP growth in Q2 2024 is 3.3%: https://t.co/T7FoDdgYos #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast: https://t.co/NOSwMl7Jms https://t.co/wpnQKoPgs0
The worldโs economic outlook is perking up as growth proves more resilient and inflation is set to cool faster than previously expected in many countries, the OECD says https://t.co/D8Ad7xp0bp via @WHorobin https://t.co/gInrh4E5FQ
OECD lifts 2024 growth forecasts, driven by US https://t.co/8qU8fPxOgg
OECD raises 2024 global growth outlook, cuts Japan view sharply https://t.co/Smnuh548qM
The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind. https://t.co/ag1ImMLNmr
OECD upgrades global growth outlook as U.S. outperforms https://t.co/cjURXqbU3H
Following the IMF from last week - OECD raises 2024 global growth forecast to 3.1% versus prior 2.9% and 2025 GDP at 3.2%.