OECD raises global growth prospects amid strengthening US outlook

<ul><li>2024 global growth forecast seen at 2.9% (previously 2.7%)</li><li>2024 US growth forecast seen at 2.1% (previously 1.5%)</li><li>2025 US growth forecast seen at 1.7% (unchanged)</li><li>2024 Eurozone growth forecast seen at 0.6% (previously 0.9%)</li><li>2025 Eurozone growth forecast seen at 1.3% (previously 1.5%)</li><li>2024 UK growth forecast seen at 0.7% (unchanged)</li><li>2025 UK growth forecast seen at 1.2% (unchanged)</li></ul><p>Of note, they also left the China growth forecast unchanged for 2024 and 2025, seen at 4.7% and 4.2% respectively. OECD also adds that if the Red Sea situation persists, that could add 0.4% to CPI in a year's time.</p>

This article was written by Justin Low at www.forexlive.com.