The Organization for Economic Co-operation and Development updated its global economic growth forecast to 3.1 percent this year. The organization’s Secretary-General Mathias Cormann said the outlook is positive. However, there are still concerns about the impact of ongoing regional conflicts and looming international debt.

Joining the discussion:

• Anthony Chan is a Former Chief Economist at JPMorgan Chase and Co.
• John Quelch is the Executive Vice Chancellor at Duke Kunshan University.
• Yan Liang is Chair Professor of Economics at Willamette University.
• John Gong is a Professor of Economics at the University of International Business and Economics and a China Forum expert.

Global #GDP is projected to grow by 3.1% this year, unchanged from 2023 and 3.2% in 2025, with divergences in growth paths across economies.

We expect consumer price inflation to fall further to 5% in 2024, from 6.9% in 2023 and to 3.4% in 2025. pic.twitter.com/C1LAiqM2Eh

— OECD Economics (@OECDeconomy) May 2, 2024

The global economy has shown remarkable resilience, with steady growth defying recession fears. We project global growth at 3.2% in 2024 and 2025 in our latest WEO – a slight upgrade but below the 3.8% historical average. More here. https://t.co/tPL4fgygu4 pic.twitter.com/sqCAfR4nW4

— IMF (@IMFNews) April 28, 2024