Global gross domestic product (GDP) growth is expected to grow from 3.3 percent in 2023, according to an outlook released by the Organisation for Economic Co-operation and Development (OECD) on Monday1% slows to 2 percent in 20249%, which will recover to 3 in 2025 as financial conditions ease0%。
The annual GDP growth rate in the United States will slow to 21%, slowing to 17%, while it is expected to continue to be supported by household spending and strong labor market conditions. The eurozone's GDP growth rate is expected to be 06% and 1 in 20253%, a credit crunch dampens economic activity in the short term, and then picks up as real incomes rise.
The OECD also reported that global economic growth proved resilient in 2023, with inflation falling faster than expected; Inflation is expected to return to target in most G20 countries by the end of 2025.
"Headline inflation in G20 economies is expected to grow from 6.2 percent in 2024," the group added6% to 38%, and core inflation in the G20 advanced economies will fall to 2. in 2024 and 2025, respectively5% and 21%。”
Geopolitical tensions are a significant near-term risk to economic activity and inflation, especially if the conflict in the Middle East disrupts energy markets, the report notes.
Persistent services** pressures could also lead to an unexpected rise in inflation and trigger a repricing in financial markets as expectations of monetary policy easing are reassessed.
The foundations of future growth need to be strengthened through policy reforms," the report said, adding that international cooperation is needed to reinvigorate the world**, ensure faster and better coordination of decarbonization, and reduce the debt burden of low-income countries.