OECD raises 2023 world GDP growth forecast to 2.7%
2023-06-08 08:30:36 source：CGTN
June 7, 2023
The Organization for Economic Cooperation and Development (OECD) slightly nudged up its 2023 world GDP growth forecast to 2.7 percent on Wednesday, as inflation eased and China's reopening provided a boost to the global economy, but warned that global recovery faces a "long unwinding road."
The global economy has begun to improve, as lower energy prices are easing the strain on household budgets, business and consumer sentiment are recovering, and China's restart has provided a boost to global activity, according to the OECD's latest twice-a-year outlook report.
The OECD forecasts an economic expansion of 2.7 percent for the year globally, up from a 2.6-percent projection in its previous report in March.
Read more:
https://news.cgtn.com/news/2023-06-07/OECD-slightly-raises-world-GDP-growth-forecast-to-2-7-percent-1krovMox6rC/index.html