FX.co ★ OECD Raises 2024 Global Growth Forecast To 3.2%

The Organisation for Economic Cooperation and Development (OECD) has revised its global economic growth forecast for this year, boosting the projection slightly to 3.2 percent from the previously predicted 3.1 percent. Despite various risks, the outlook for next year remains unchanged at 3.2 percent.

In its interim economic outlook report, the OECD highlighted several factors supporting this growth. Key contributors include robust trade expansion, improvements in real incomes, and more accommodative monetary policies across many economies.