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OECD Economic Outlook, Interim Report February 2024. Global growth proved surprisingly resilient in 2023, with lower energy prices and fading supply chain pressures helping inflation to decline more quickly than anticipated. However, recent indicators point to some moderation of growth.
OECD iLibrary is the online library of the Organisation for Economic Cooperation and Development (OECD) featuring its books, papers, podcasts and statistics and is the knowledge base of OECD's analysis and data.
The OECD Economic Outlook provides analysis and GDP growth forecasts for all G20 countries and the world economy as a whole. Published in March and September, these Interim reports provide updates to the projections, analysis and policy recommendations contained in the main Economic Outlooks released in May/June and November/December.
Global GDP growth is now projected to be 5.6% this year, an upward revision of more than 1 percentage point from the December OECD Economic Outlook. World output is expected to reach pre-pandemic levels by mid-2021 but much will depend on the race between vaccines and emerging variants of the virus.
OECD Economic Outlook, November 2023. The global economy continues to confront the challenges of inflation and low growth prospects. GDP growth has been stronger than expected so far in 2023, but is now moderating on the back of tighter financial conditions, weak trade growth and lower business and consumer confidence.
With recent indicators taking a turn for the worse, the global economic outlook has darkened. The four main takeaways are: > The world economy is slowing more than anticipated. > Inflation has become more widespread. > Inflation will ease but remain at high levels.
