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Growth continuing at a modest pace through 2025, inflation declining to central bank targets
- Global growth is holding up, while the pace of growth remains uneven across countries and regions, and inflation is still above targets, according to the OECD’s latest Interim Economic Outlook. The Outlook projects global GDP growth of 2.9% in 2024 and a slight improvement to 3.0% in 2025, broadly in line with the previous OECD projections from November 2023. Asia is expected to continue to account for the bulk of global growth in 2024-25, as it did in 2023. Inflation is expected to continue to ease gradually, as cost pressures moderate. Headline inflation in G20 countries is expected to decline from 6.6% in 2024 ... (full story)