OECD upgrades global growth outlook as US outperforms

Paris | The global economy is growing faster than expected only a few months ago thanks to resilient US activity, while inflation is converging more quickly than expected with central banks’ targets, the OECD said on Thursday, upgrading its outlook.

The global economy would maintain the 3.1 per cent growth rate seen last year and pick up marginally to 3.2 per cent next year, the Organisation for Economic Cooperation and Development said, upgrading forecasts dating from February for growth of 2.9 per cent this year and 3 per cent in 2025.

Reuters