The OECD minimally improved its global economic growth forecast
The organization of industrialized countries, the Organization for Economic Co-operation and Development (OECD), slightly revised its forecast for world economic growth in 2023 upwards and did not change its forecast for next year, according to a report published on the website of the Paris-based organization on Wednesday.
The OECD expects growth of 2.7 percent this year, instead of the 2.6 percent indicated in March, and has maintained its previously indicated forecast of 2.9 percent for next year.
In the summary of the report, it is highlighted: this year’s 2.7 percent expansion – excluding 2020, the first year of the pandemic – is the lowest annual growth rate since the economic crisis of 2008-2009, despite the fact that the lifting of China’s anti-epidemic restrictions gave a boost to world economy.
According to the regional breakdown, the US economy is expected to grow by 1.0 percent next year after this year’s 1.6 percent expansion, due to the restraining effect of interest rate increases on economic growth.
In the world’s second largest economy, China, growth of 5.4 percent this year and 5.1 percent next year is expected, the former exceeding the March forecast by 0.1 percent and the latter by 0.2 percent.
Related news
KSH: in September, consumer prices exceeded the values of the same month of the previous year by an average of 4.3 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Inflation in the OECD stagnated at 4.1 percent in August
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Research: How different generations view social labels
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Export champion with innovation in the sugar market curve – Budapest industry roundtable on the competitiveness of confectionery manufacturers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >MOL Fresh Corner turns 10 – from Olympic champions to Tankcsapda, everyone celebrates the country’s most popular hot dog
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Lidl is organizing an exclusive customer party in one of its Budapest stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >