OECD raises global growth forecast

VTV.vn - The Organization for Economic Cooperation and Development (OECD) assesses that the world economy in 2025 will still maintain its resilience, thanks to relatively strong consumer demand...

Global economy stands firm amid headwinds

The Organization for Economic Cooperation and Development (OECD) assessed that the world economy in 2025 will remain resilient, thanks to relatively strong consumer demand and growth-supporting fiscal and macroeconomic policies. The OECD raised its GDP growth forecast for the US to 2% and the Eurozone to 1.3%, higher than the previous forecast. The global growth forecast for 2025 is at 3.2%.

New trade barriers, political uncertainty and slowing investment have held back growth, but demand has remained surprisingly robust, according to the OECD. The organization pointed to factors such as more favorable global financial conditions, supportive macroeconomic policies, real income growth and strong demand for new AI-related investments, particularly in the US, as boosting demand.

Global economic growth is expected to slow in the second half of this year, as higher tariffs mean higher costs for businesses and consumers, and rising geopolitical and policy uncertainty continue to weigh on domestic demand.

Global economic growth is expected to recover in 2026, supported by a reduced impact of tariffs, favorable financial conditions, accommodative macroeconomic policies, and lower inflation. Emerging market economies in Asia continue to be a major driver of global growth.

However, the OECD warned that the outlook for the global economy “remains fragile”. Further increases in trade barriers, especially around key production goods, could have significant impacts on global supply chains and output.

High asset valuations based on optimistic expectations for AI-driven corporate profits risk a sudden correction, the OECD warned, adding that financial vulnerabilities could push long-term government bond yields higher, tightening financial conditions and hampering growth.

Source: https://vtv.vn/oecd-nang-du-bao-tang-truong-toan-cau-100251203095341587.htm