Looking back over the first six months of 2023, many of the key advanced economies have performed better than anticipated.
The OECD, in its latest assessment of the economic outlook, released in early June, noted that the global economy faces a “long road ahead” to achieve strong and sustainable growth.
In terms of growth forecasts, it is projecting global growth at 2.7% this year, with a modest pick up to 2.9% in 2024.
Furthermore, the OECD continues to view the balance of risks as being to the downside.
