OECD forecasts global GDP growth to stabilize at 3.2% in 2024-25, with US growth slowing and Eurozone improving.

The OECD forecasts global GDP growth will stabilize at 3.2% in 2024 and 2025, citing easing inflation and the diminishing impact of interest rate hikes. U.S. growth is expected to slow from 2.6% to 1.6% during this period, while the Eurozone is projected to improve from 0.7% to 1.3%. Inflation in G20 countries is anticipated to decrease, supporting household spending despite ongoing risks like geopolitical tensions.

September 25, 2024
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