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OECD ECONOMIC OUTLOOK 2024
The global economy has remained resilient in uncertain times
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Global growth is projected to remain stable and inflation is projected to fall further. Key risks pertain to the intensification of geopolitical risks, inflation turning out more persistent than anticipated and a sharp repricing of risk in financial markets.
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Global growth is projected to remain stable
The global economy is projected to remain resilient despite significant challenges, according to the OECD’s latest Economic Outlook. Global GDP growth is projected to strengthen slightly to 3.3% in 2025 and remain stable at this level through 2026.
Growth prospects vary significantly across regions. GDP growth in the United States is projected to be 2.8% in 2025, before slowing to 2.4% in 2026. In the euro area, the recovery in real household incomes, tight labour markets and reductions in policy interest rates continue to drive growth. Euro area GDP growth is projected at 1.3% in 2025 and 1.5% in 2026. Growth in Japan is projected to expand by 1.5% in 2025 but then decline to 0.6% in 2026. China is expected to continue to slow, with GDP growth of 4.7% in 2025 and 4.4% in 2026.
