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OECD’s Economic Outlook
May 9 , 2024
198 days
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- Headline inflation in the OECD countries is expected to fall to 5% in 2024, from 6.9% in 2023, and decline further to 3.4% in 2025.
- By the end of 2025, inflation in the OECD is projected to be close to most central bank targets of 2%.
- The G20 and other developed nations’ growth are likely to lag significantly behind developing nations.
- The United Kingdom estimated to see a growth of only 0.4% in 2024, rising to 1% in 2025.
- The Euro area is estimated to see a growth of 0.7% in 2024 and 1.5% in 2025.
- France is also likely to see a 0.7% this year, but could possibly lag the Euro area with a 1.3% growth in 2025.
- Similarly, Italy is also expected to grow 0.7% this year, jumping to 1.2% in 2025.
- Germany, long considered the “sick man” of Europe, is expected a very modest 0.2% growth.
- India is expected to grow at a steady rate of 6.6% for both 2024 and 2025, while Indonesia could see a 5.1% rise in 2024, moving to 5.2% in 2025.
- However, China expected to increase 4.9% this year, but only 4.5% next year.
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