World Economy Looks to Dodge Stagflation Rut as Outlook Perks Up
Bloomberg reports OECD lifts 2024 global growth forecast to 3.1% from 2.9% and inflation easing faster than expected, except in US.
The world’s economic outlook is perking up as growth proves more resilient and inflation is set to cool faster than previously expected in many countries, the OECD said. While conflicts in the Middle East or more persistent price increases could still knock the economy from its more stable footing, the Paris-based organization said risks are becoming “better balanced.” The OECD... ...
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