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This Interim Report updates projections made in the May 2014 issue of OECD Economic Outlook (Number 95).
This Interim Report updates projections made in the May 2015 issue of OECD Economic Outlook (Number 97).
This Interim Report updates projections made in the June 2016 issue of OECD Economic Outlook (Number 99).
The global economic recovery from the COVID-19 pandemic remains strong, yet too uneven. Uneven progress is increasing economic tensions that could undermine the recovery if not well managed by policymakers. Rising commodity and shipping prices and stretched supply chains as economies re-open rapidly are pushing up inflation everywhere but this is expected to be temporary.
This Interim Report provides updates for G20 country projections made in the May 2021 issue of the OECD Economic Outlook (Number 109).
The world is paying a high price for Russia’s war of aggression against Ukraine. The high humanitarian cost continues to grow and the global economic outlook has darkened further.
This Interim Report focuses on the effects of the war on the world economy and the energy crisis. With the impacts of the COVID-19 pandemic still lingering, the war is dragging down growth more than anticipated. Inflation has intensified and become widespread across countries and consumer items. The risk of energy disruptions has risen. The Interim Report is an update on the assessment in June 2022 issue of the OECD Economic Outlook (Number 111).
The near-term global outlook is shaped by the increasingly visible impact of monetary policy tightening by most major central banks and stresses in the Chinese economy. Global growth is projected to slow, remaining below trend in 2023-24, while inflation moderates but remains above target. Key downside risks include the possibility of a sharper-than-expected slowdown in China and a continued rise in oil prices.
The Interim Report says that monetary policy should remain focused on bringing inflation back to target, while increased efforts by governments are needed to rebuild fiscal space and respond to future challenges, including the climate transition. Structural policy efforts need to be reinvigorated to strengthen growth prospects, with a key priority being to revive global trade. The Interim Report is an update on the assessment in the June 2023 issue of the OECD Economic Outlook (Number 113).