Global economy growth stabilizes at 3.2 pct in 2024, 2025: OECD

PARIS, Sept. 25 (Xinhua) — Global gross domestic product (GDP) growth is projected to stabilize at 3.2 percent in both 2024 and 2025, while inflation should continue to ease, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday in its latest economic outlook.
According to the OECD economic outlook, annual GDP growth in the United States is projected to slow down to 2.6 percent in 2024 and further down to 1.6 percent in 2025, but be cushioned by monetary policy easing.
For Euro area, the OECD said that GDP growth is projected to be 0.7 percent in 2024 and speed up to 1.3 percent in 2025, with activity supported by a recovery in real incomes and an improvement in credit availability.
Along with stable GDP growth and further disinflation, the OECD also said that real incomes would improve and less restrictive monetary policy in many economies would help underpin demand. ■