OECD sees limited growth pick-up as rate hikes weigh

OECD sees limited improvement in global economic growth

The Paris-based Organisation for Economic Co-operation and Development's latest economic outlook sees limited improvement in global prospects but says rate hikes will weigh on growth.

OECD sees limited economic growth pick-up as rate hikes weigh

The global economy is set to grow 2.7% this year, the OECD said, up from its previous forecast of 2.6% in March

OECD sees limited growth pick-up as rate hikes weigh

Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said today, nudging up its 2023 economic outlook.

OECD sees limited global economic growth pick-up as rate hikes weigh

The OECD forecast that inflation in the Group of 20 major economies would fall from 7.8% last year to 6.1% this year and 4.7% in 2024 - still well above many central banks' targets despite the interest rate hikes.

OECD sees limited growth pick-up as rate hikes weigh

The world economy is set to grow 2.7% this year, the Organisation for Economic Cooperation and Development (OECD) said, up from its previous forecast of 2.6% in March.

OECD sees limited growth pick-up as rate hikes weigh

By Leigh Thomas PARIS (Reuters) - Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The world economy is set to grow 2.7% this year, the Organisation for Economic Cooperation and Development (OECD) said, up from its previous forecast of 2.6% in March. Though …