The OECD's latest Economic Outlook projects global GDP growth, anticipating a slowdown in 2024 before a slight improvement in 2025. The report emphasizes the challenges of low growth and elevated inflation, with recommendations for continued policies targeting inflation reduction, global trade revival, and adapting fiscal policy for long-term challenges. The effects of monetary policy tightening are evident, with policy interest rates reaching or nearing their peak. The Outlook underscores the need for governments to address mounting challenges in public finances, especially from ageing populations and climate change.

SOURCE: GOOGLE