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- The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025.
www.oecd.org/en/about/news/press-releases/2024/05/economic-outlook-steady-global-growth-expected-for-2024-and-2025.htmlEconomic outlook: Steady global growth expected for 2024 and 2025
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Will growth accelerate in 2023 & 2025?
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What is the economic outlook for 2024 & 2025?
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Will advanced economies see a slowdown in 2023?
Sep 24, 2024 · A slight acceleration for advanced economies—where growth is expected to rise from 1.6 percent in 2023 to 1.7 percent in 2024 and 1.8 percent in 2025—will be offset by a modest slowdown in emerging market and developing economies from 4.3 percent in 2023 to 4.2 percent in both 2024 and 2025. The forecast for global growth five years from ...
Jul 22, 2024 · After a modest 1.6% advance in 2023, real GDP will likely only advance 1.1% in 2024, before accelerating to 1.8% in 2025. The re-acceleration in CPI inflation supports our view that interest rates will need to remain at current levels at least until early 2025.
Jun 11, 2024 · East Asia and Pacific: Growth is expected to decelerate to 4.8% in 2024 and to 4.2% in 2025. For more, see regional overview. Europe and Central Asia: Growth is expected to edge down to 3.0% in 2024 before moderating to 2.9% in 2025.
After 2023, growth accelerates as monetary policy eases. Real GDP increases by 1.5 percent in 2024 and by 2.4 percent in 2025. That initial slowdown in economic growth drives up unemployment. The unemployment rate reaches 4.1 percent by the end of 2023 and 4.7 percent by the end of 2024 before falling slightly, to 4.5 percent, in 2025.
Sep 26, 2024 · In 2024, both GDP growth forecasts for Japan and Mexico were lowered by over half of a percentage point. In 2025, the reduction in China's growth forecasts is the main factor behind our estimate of slower global growth. The U.K., Spain and Brazil led the upside growth revisions for 2024.
Apr 11, 2023 · Five-year ahead growth projections declined steadily from 4.6 percent in 2011 to 3 percent in 2023. Some of this decline reflects the growth slowdown of previously rapidly growing economies such as China or Korea. This is predictable: growth slows down as countries converge.