The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major global economic trends and prospects for the next two years.
The global economy continues to confront the challenges of persistent inflation and subdued growth prospects. GDP growth has been stronger than expected so far in 2023, but is now moderating as the impact of tighter financial conditions, weak trade growth and lower business and consumer confidence is increasingly felt.
The slowdown is projected to be mild, with continued disinflation, but a growing divergence across economies is expected to persist in the near term.
The Outlook underlines a range of risks, including the potential for disruptions to commodity markets and trade from heightened geopolitical tensions, uncertainty about the persistence of inflation, and the extent to which excess household savings will be run down.
Key policy priorities are to ensure that inflation returns durably to target, address mounting fiscal pressures, revive global trade and improve the prospects for sustainable and inclusive growth in the medium term.
Read more on the website of the OECD
