World economy to grow by 2.9 pct in 2024: OECDWorld 18:00, 05-Feb-2024

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 , Updated 19:13, 05-Feb-2024 Share

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The Organization for Economic Cooperation and Development (OECD) said on Monday that global growth, which rose by an estimated 3.1% in 2023, is projected to slow to 2.9% in 2024 and then increase to 3.0% in 2025.

In its last economic outlook, the OECD said growth in China is expected to ease to 4.7% in 2024 and 4.2% in 2025, despite additional policy stimulus, reflecting subdued consumer demand, high debt and the weak property market.