OECD Economic Outlook, November 2023

OECD Economic Outlook, November 2023

According to estimates by the Organization for Economic Co-operation and Development (OECD), global GDP growth at the end of 2023 will be 2.9%, in 2024 – 2.7%.

Among the reasons for the decline in economic dynamics are tightening monetary policy, weakening regional trade ties, and a decrease in consumer spending. In the absence of crises in commodity markets, headline inflation is expected to return to levels in line with central bank targets in most major economies in 2025. In 2024, headline inflation in OECD countries is forecast to rise from 7% to 5.2% in 2024 and 3.8% in 2025.

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