Global Gross Domestic Product (GDP) is expected to grow by 3.2% this year and 3.3% in 2025 and 2026, according to estimates by the Organisation for Economic Cooperation and Development (OECD), in a report released on Wednesday 4 December.
‘Low inflation, steady employment growth and a less restrictive monetary policy will help sustain demand, despite some moderate headwinds from the necessary tightening of fiscal policy in many countries,’ points out the OECD.
The organisation warns, however, that these global estimates ‘mask differences between regions and countries and are surrounded by significant downside risks and uncertainties’.
Among the main risks are those ‘related to rising trade tensions and protectionism, a possible escalation of geopolitical conflicts and challenges to fiscal policies in some countries.’
In the average OECD country, the economy is expected to grow by 1.7% this year and 1.9% in both 2025 and 2026, according to the organisation’s estimates.
Source: Notícias ao Minuto