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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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What is the OECD Economic Outlook for 2024 & 2025?
What is the outlook for global economic growth in 2024?
Will real GDP grow in 2025?
What was the OECD unemployment rate in February 2024?
What will OECD inflation look like in 2025?
Will inflation continue in 2025?
Core inflation in the G20 advanced economies is anticipated to ease from 4.2% in 2023 to 2.7% in 2024 and 2.1% in 2025. Inflation in the emerging-market economies is projected to remain generally higher than in the advanced economies, while also easing gradually, however with exceptions.
The global economy remained resilient in the first half of 2024, and inflation has continued to moderate. These trends are projected to continue into 2025, with global growth stabilising at a moderate pace and inflation returning to target in most countries by the end of 2025.
Global growth is projected to remain unchanged in 2024 and strengthen modestly in 2025, with inflation returning to target in most countries by the end of 2025. Risks around the outlook are becoming better balanced, but substantial uncertainty remains.
Real GDP growth will pick up from 1% in 2024 to 1.8% in 2025, reflecting strengthening global conditions, the boost to private spending and labour supply from immigration, and monetary policy easing. Growth will nevertheless remain below trend, and price pressures will ease.
Global growth, which rose by an estimated 3.1% in 2023, is projected to slow to 2.9% in 2024 and then increase to 3.0% in 2025. According to the OECD, government spending needs to focus more on investment in the areas that drive sustainable growth, especially human capital.
Real GDP growth will pick up from 1% in 2024 to 1.8% in 2025, reflecting strengthening global conditions, the boost to private spending and labour supply from immigration, and monetary policy easing.
May 2, 2024 · Headline inflation in the OECD countries is expected to fall to 5% in 2024, from 6.9% in 2023, and decline further to 3.4% in 2025.
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related to: What is the OECD Economic Outlook for 2024 & 2025?Economic Forecasts and Investing Trends from Our Team of Investment Professionals. Explore Perspectives on Markets, Outlooks and Sector Deep Dives with Industry Pros.
