OECD lifts global growth outlook as US, China outperform expectations
Al Jazeera
Paris-based organisation predicts global economy to expand by 3.1 percent this year and 3.2 percent in 2025.
The Organisation for Economic Co-operation and Development (OECD) has upgraded its outlook for the global economy on the back of stronger-than-expected growth in the United States and China.
The global economy is forecast to grow 3.1 percent this year and 3.2 percent in 2025, the Paris-based organisation said on Thursday,
The revised outlook compares with projections in February of 2.9 percent in 2024 and 3 percent next year.
“There are some signs that the global outlook has started to brighten, even though growth remains modest. The impact of tighter monetary conditions continues, especially in housing and credit markets, but global activity is proving relatively resilient, inflation is falling faster than initially projected and private sector confidence is now improving,” the intergovernmental organisation said.
The OECD said that the pace of recovery diverged widely across countries, “with softer outcomes in Europe and most low-income countries, offset by strong growth in the United States and many large emerging-market economies”.
Five healthcare workers killed in Israeli strikes in southern Lebanon, Ministry of Public Health says.
Vulnerable nations are seeking $1.3 trillion annually to deal with the damage caused by climate change and to adapt.
The city’s southern suburbs have been hit repeatedly in recent months
New York judge cancels a sentencing hearing previously scheduled for November 26 without setting a new date.
Many Haitian children face the stark choice of joining a gang or suffering from violence, poverty and hunger engulfing them.
Tapped to lead the Justice Department, Bondi is a former Florida attorney general and longtime Trump supporter.
The arrest warrants against Netanyahu and Gallant could lead to countries rethinking arms deals with Israel, experts say
Moscow says the Oreshnik, a nuclear-capable weapon, was used in an attack on Ukraine amid escalating tensions.
Police say a ‘suspected prohibited item’ was discovered in luggage in the facility’s south terminal.
The NGOs want the Netherlands to ban the export and transit of weapons, weapon parts, and dual-use items to Israel.
All the details about the biggest two weeks in chess as a young Indian grandmaster takes on the Chinese world champion.