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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.
Jun 11, 2024 · Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26. That is well below the 3.1% average in the decade before COVID-19. The forecast implies that over the course of 2024-26 countries that collectively account for more than 80% of the world’s population and global GDP would still be growing more slowly than they did in the decade before ...
Jul 16, 2024 · Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher for even longer interest rates, in the context of ...
Canada. 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. Price inflation has already declined to the upper boundary of ...
Feb 5, 2024 · In 2025, global growth will likely pick up to 3.0 percent, supported by a "widespread easing of monetary policy" as inflation converges on central bank targets and real incomes show steady recovery, though the OECD warned of geopolitical risks in the Middle East amid the ongoing war between Israel and Hamas militants.
Jan 15, 2024 · The International Monetary Fund (IMF) forecasts a slight decline in global growth to 2.9% in 2024, down from 3% in 2023. However, much of this growth is made up of emerging markets activity, while growth in advanced economies remains tepid.
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Real GDP growth is expected to be around 1% in 2024, and to average only 1.4% per year from 2024 through 2026. 45 This does not compare well with the International Monetary Fund’s 4% projection for emerging and developing economies, and even falls below the outlook for advanced economies of 1.7%. 46.
