Global Economy Will Slow Down in 2024 – Company News – December 7, 2023
Global growth is expected to rise from 2.9% this year to 2.7% in 2024.
The Organization for Economic Co-operation and Development (29) stated that although the global economy will slow somewhat in 2024, the risk of a hard landing has decreased despite high debt levels and interest rate uncertainty. OECD).
In its economic outlook report, the OECD predicted that the global economic growth rate will rise from 2.9% this year to 2.7% in 2024 and 3% in 2025.
The growth of the developed economies that make up the 38 OECD member countries is heading toward a soft landing. with America is holding up better than expected until now.
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The OECD predicted that the U.S. growth rate would slow from 2.4% this year to 1.5% next year, and revised its forecast in September, predicting an increase of 2.2% in 2023 and 1.3% in 2024.
despite the risks Forced landing in America And in other countries The OECD stated that the risk of economic recession cannot be ruled out. weakness in the real estate market; high oil prices And slow lending.
China’s economy is also expected to slow. The country is dealing with a real estate bubble. This is emptying out, and consumers are saving more as uncertainty about the outlook grows.
The OECD predicts that China’s growth rate will slow from 5.2% this year to 4.7% in 2024. Both are slightly higher than expected in September and are expected to slow further to 4.2% in 2025.
The Eurozone’s growth is expected to accelerate from 0.6% this year to 0.9% in 2024 and 1.1% in 2025. We came out of the recession this year.
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The OECD predicted that the U.S. growth rate would slow from 2.4% this year to 1.5% next year, and revised its forecast in September, predicting an increase of 2.2% in 2023 and 1.3% in 2024.
despite the risks Forced landing in America And in other countries The OECD stated that the risk of economic recession cannot be ruled out. weakness in the real estate market; high oil prices And slow lending.
China’s economy is also expected to slow. The country is dealing with a real estate bubble. This is emptying out, and consumers are saving more as uncertainty about the outlook grows.
The OECD predicts that China’s growth rate will slow from 5.2% this year to 4.7% in 2024. Both are slightly higher than expected in September and are expected to slow further to 4.2% in 2025.
The Eurozone’s growth is expected to accelerate from 0.6% this year to 0.9% in 2024 and 1.1% in 2025. We came out of the recession this year.
Click here
