OECD Economic Outlook, Interim Report February 2024 : Strengthening the foundations for growth / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Economic forecasting.

Physical Description:

1 online resource

Place of Publication:

Paris : OECD Publishing, 2024.

Summary:

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. In the absence of further adverse supply shocks, cooling demand pressures should allow headline and core inflation to fall further in most economies. By the end of 2025 inflation is projected to be back to target in most G20 countries. Geopolitical risks remain high, particularly in relation to the ongoing conflict in the Middle East following the terrorist attacks on Israel by Hamas. Further upside surprises in inflation could trigger sharp corrections in financial asset prices as markets price in that policy rates may be higher for longer periods of time.

Contents:

Strengthening the foundations for growth

Summary

Recent developments

Projections

Risks and challenges

Policy requirements

FIGURES

TABLES.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-33291-X