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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
The Organisation for Economic Cooperation and Development (OECD) on Thursday raised its forecast for global growth in 2024 at 3.1 percent, up from its previous projection of 2.9 percent in February.
"Cautious optimism has begun to take hold in the global economy, despite modest growth and the persistent shadow of geopolitical risks," said the Paris-based organization in its latest quarterly report.
Chinese growth remains even stronger, with the OECD raising its projection to 4.9 percent in 2024 and 4.5 percent in 2025, up from 4.7 percent and 4.2 percent, respectively.
The U.S. economy is now expected to expand by 2.6 percent in 2024, up from the 2.1 percent previously expected and faster than last year's 2.5 percent.