OECD raises international development outlook for subsequent 12 months however warns of protectionism danger

• 🌎 International development forecast for 2024 at three.2% (unchanged), 2025 at three.three% (beforehand three.2%), 2026 at three.three%
• 🇺🇸 US development forecast for 2024 at 2.eight% (beforehand 2.6%), 2025 at 2.four% (beforehand 1.6%), 2026 at 2.1%
• 🇪🇺 Eurozone development forecast for 2024 at Zero.eight% (beforehand Zero.7%), 2025 at 1.three% (unchanged), 2026 at 1.5%
• 🇬🇧 UK development forecast for 2024 at Zero.9% (beforehand 1.1%), 2025 at 1.7% (beforehand 1.2%), 2026 at 1.three%
• 🇯🇵 Japan development forecast for 2024 at -Zero.three% (beforehand -Zero.1%), 2025 at 1.5% (beforehand 1.four%), 2026 at Zero.6%

Regardless of no change to the Eurozone forecast for subsequent 12 months, OECD does slash the outlook for the German economic system to Zero.7% from 1.1% beforehand. As for his or her general view going into subsequent 12 months, OECD notes that “rising commerce tensions and additional strikes in the direction of protectionism may disrupt provide chains, elevate shopper costs, and negatively affect development”.

This text was written by Justin Low at www.ubaidahsan.com.



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