OECD Economic Outlook, Interim Report March 2025

The Organisation for Economic Co-operation and Development has published its Economic Outlook, Interim Report March 2025 which finds the global economy remained resilient in 2024, expanding at an annualised pace of 3.2 per cent.

The Outlook shows that global GDP growth is expected to moderate from 3.2 per cent in 2024 to 3.1 per cent in 2025 and 3.0 per cent in 2026, with higher trade barriers in several G20 economies and increased policy uncertainty weighing on investment and household spending.

Headline inflation is also projected to fall from 3.8 per cent in 2025 to 3.2 per cent in 2026 in the G20 economies, while underlying inflation is now projected to remain above central bank targets in many countries in 2026.