OECD raises world economic growth forecast

VTV.vn - The OECD has just raised its forecast for global economic growth this year to 3.2%, compared to 2.9% in its report in June.

OECD raises world economic growth forecast

The Organization for Economic Cooperation and Development (OECD) has just raised its forecast for global economic growth this year to 3.2%, compared with the 2.9% figure in its report in June.

According to the OECD, global growth momentum proved more resilient than expected in the first half of the year, especially in emerging markets, with industrial production and trade boosted by a wave of purchases ahead of US tariffs, along with support measures from many governments .

For individual economies, the OECD forecasts US economic growth will slow to 1.8% in 2025 – 0.2% higher than its June forecast – as a boom in AI investment, fiscal support and Federal Reserve rate cuts are expected to offset the impact of higher tariffs, lower net immigration and cuts in federal employment. However, growth will still be down 1% from last year and is forecast to slow another 0.3% in 2026.

Growth in the world's second-largest economy, China, is also expected to slow in the second half of 2025 as demand for goods exports wanes before US tariffs ease and fiscal support wanes. Specifically, the Chinese economy is expected to grow 4.9% this year, before slowing to 4.4% in 2026.

In the eurozone, trade and geopolitical tensions are expected to offset the impact of lower interest rates, with the bloc's economy forecast to grow 1.2% this year and 1% next year.

Japan's economy is expected to benefit from strong corporate profits and a recovery in investment, lifting growth to 1.1%, but will slow in 2026 to 0.5%.

With overall growth slowing, the OECD forecasts most major central banks will cut borrowing costs or maintain policy easing next year, as long as inflation pressures continue to ease.

Source: https://vtv.vn/oecd-nang-du-bao-tang-truong-kinh-te-the-gioi-100250923220745075.htm