OECD: Global economy 'more resilient than expected' but growth outlook 'remains weak'

Persistent core inflation

The Organisation for Economic Co-operation and Development (OECD) has forecast global growth in 2024 will be lower than in 2023.

Despite the global economy proving "more resilient than expected" in the first six months of 2023, the growth outlook "remains weak", the OECD said, due to persistent core inflation and weaker recovery in China. BofA: European recession fears decline among managers despite growth pessimism Global GDP growth for 2024 is forecast to be 2.7%, compared with 3% in 2023, according to the OECD's estimates, with a "disproportionate share" of global growth in 2023-24 expected to come from Asia, despite China's slowdown. The organisation also noted headline inflation has continued to drop, l...