Xinhua News Agency, Paris, June 7 (Reporter Liu Fang) The Organization for Economic Cooperation and Development (OECD) released an economic outlook report on the 7th, predicting that global economic growth will slow down from 3.3% in 2022 to 2.7% in 2023. , rising to 2.9% in 2024.
About the global economy 1
The report said that the global economy has begun to improve, but the recovery is weak. Lower energy prices are easing pressure on household budgets, business and consumer sentiment are recovering, and China’s optimization and adjustment of epidemic prevention policies are providing impetus to global economic activity.
About the global economy 2
The report predicts that the U.S. economic growth will drop to 1.6% in 2023 and slow to 1.0% in 2024. Lower headline inflation in the euro area will help lift real incomes and allow economic growth to pick up from 0.9% in 2023 to 1.5% in 2024.
The report pointed out that the global economic recovery is still fragile and risks tend to be downward. Uncertainty over the Ukraine crisis and its global impact is a key concern, with the persistence of inflation another key risk.
About the global economy 3
The report emphasizes that policymakers need to take decisive action on macroeconomic and structural policies to achieve stronger and more sustainable growth.
