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Positive growth continues, albeit fragile, and with persistent inflation posing a key risk
The global economy was stronger than expected in the first half of 2023, but the growth outlook is weak, inflation is proving persistent and there are significant downside risks, according to the OECD’s latest Interim Economic Outlook. With monetary policy working its way through economies and a weaker-than-expected recovery in China, the Outlook projects global growth of 3.0% in 2023 and 2.7% in 2024. Headline inflation has been declining, as energy and food prices have dropped, but remains above central banks’ targets in many countries. Headline inflation is projected to continue receding gradually through 2023 ... (full story)