The Organization for Economic Co-operation and Development (OECD) has announced that according to the latest economic outlook, the world economy will continue to grow at a slow pace.
Publish dateSunday 5 May 2024 - 15:01
The OECD unemployment rate fell to 4.9 percent in February, near its lowest level since 2001, the Organization for Economic Co-operation and Development said. Inflation-adjusted real incomes are rising in much of the OECD.
The organization has forecast that core inflation in the OECD will decrease from 6.9% in 2023 to 5.0% in 2024 and 3.4% in 2025.
The OECD expects inflation to return to central bank control in most major economies by the end of 2025.
The global organization has forecast that the gross domestic growth of the Eurozone will be 0.7% in 2024 and 1.5% in 2025.
"We expect global growth to be flat for 2024 and 2025," said Mathias Cormann, Secretary General of the Organization for Economic Co-operation and Development (OECD).
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Source : news agency wam
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