Page 38 - Oecd News Today

The OECD reduced its forecast UK growth rate for 2024 to 0.7%.

The Organization for Economic Co-operation and Development (OECD) delivered a nuanced outlook for the world economy on Wednesday, suggesting a probable soft landing in the coming year. However, this optimistic projection comes with a caveat, as the OECD expressed concerns about the Israel-Hamas conflict, which could introduce uncertainties into the global economic landscape.

The resolution, proposed by Nigeria, was backed by 125 countries, including India, China and Russia, and passed in the UN General Assembly in New York last week despite developed nations such as the US, UK, Netherlands, Switzerland, Japan, France and Germany voting against it.

The Organisation for Economic Co-operation and Development (OECD) predicts that Indias economy will slow down further to 6.1% in FY25 compared to the earlier projection of 6.3%. The slowdown is attributed to adverse weather-related events and a weakening international outlook. However, the OECD expects Indias growth to pick up to 6.5% in FY26.

Paris-based OECD estimates that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. Despite the gloomier outlook, the organization is “projecting that recessions will be avoided almost everywhere,” ...

Global growth is set to moderate from 2.9% this year to 2.7% in 2024 before picking up in 2025 to 3.0%, the OECD said in its latest Economic Outlook.

The global economy is likely to falter next year, but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest...

PARIS (Reuters) -- The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncerta

Global economic growth is expected to slow in 2024 as inflation continues to decline, according to a Wednesday outlook from the Organization for Economic Cooperation and Development.