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OECD raises 2023 global growth outlook, cuts for 2024

A stronger-than-expected US economy is helping to keep a global slowdown in check this year but a weakening Chinese economy will prove to be a bigger drag next year, the OECD forecast on Tuesday.

OECD Lifts 2023 Global Growth Outlook; Trims 2024 Projection

The global economy is projected to grow faster than expected this year as activity proved more resilient in the first half of the year but a sharper slowdown in China and elevated public debt are likely to weigh on next year growth, the Organisation for Economic Co-operation and Development said Tuesday.

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