The global economy is expected to hold up better this year than previously predicted, thanks to an improved outlook in the United States which offsets the weakness in the euro zone, according to the OECD. The OECD's latest outlook forecasts a world economic growth rate of 2.9% for this year, higher than the 2.7% predicted in November. The US economy is expected to grow 2.1% in 2024 and 1.7% in 2025, with lower inflation boosting wage growth and triggering interest rate cuts. China's growth is predicted to slow to 4.7% in 2024 and 4.2% in 2025 due to real estate market wobbles and weak consumer confidence. Read The Rest at :
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