2024-2025: OECD forecasts 3.1% and 3.2% global economic growth, driven by resilient US activity and falling inflation.

The OECD forecasts a steady global economic growth of 3.1% in 2024, followed by a slight pick-up to 3.2% in 2025. The global economy is growing faster than expected due to resilient US activity and a faster-than-expected fall in inflation. Central banks' targets are being met, setting the stage for rate cuts in the second half of the year and fuelling gains in consumers' incomes. However, the speed of recoveries diverges, with a lingering sluggishness in Europe and Japan offset by the US.

May 02, 2024
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