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The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major global economic trends and prospects for the next two years. Prepared by the OECD Economics Department, the Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments.
Coverage is provided for all OECD member countries as well as for selected non-member countries. Each issue includes a general assessment, and a chapter summarising developments and providing projections for each individual country. An extensive statistical annex with a wide variety of variables is available on-line.
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- https://doi.org/10.1787/16097408
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Latest Issue
2024 OECD Economic Outlook, Volume 2024 Issue 1
An unfolding recovery
There are signs that the global outlook has begun to brighten. Activity remains more resilient than expected, although with considerable divergence across economies, inflation is falling steadily and unemployment remains low. Global growth is projected to remain unchanged in 2024 and strengthen modestly in 2025, with inflation returning to target in most countries by the end of 2025. Risks around the outlook are becoming better balanced, but substantial uncertainty remains. High geopolitical tensions, particularly in the Middle East, could disrupt energy and financial markets, causing inflation to spike and growth to falter. Elevated debt service burdens could rise further as low-yielding debt is rolled over, exposing financial vulnerabilities. Inflation might prove more persistent than anticipated but could also fade faster if strong labour force growth continues. The key policy priorities are to ensure a durable reduction in inflation, establish a fiscal path that will address rising pressures, and undertake reforms to raise sustainable and inclusive growth in the medium term.
This issue includes an assessment of the global economic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.
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02 May 2024 223pagesEnglish Also available in:French
https://doi.org/10.1787/69a0c310-en9789264795105 (EPUB)9789264967700 (PDF)
Author(s): OECD
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