Reported 13 days ago
The OECD has revised its global growth forecast for 2024 to 3.2%, as the impact from prior central bank rate hikes diminishes and falling inflation increases household incomes. While the U.S. economy is expected to slow down to 1.6% growth by 2025, rate cuts are anticipated to support consumer spending. The organization also expects the euro zone to experience faster growth next year, while the UK's economy sees a positive adjustment due to high wage growth.
Source: YAHOO