Long and Bumpy Road Ahead
by AIB Treasury Economic Research Unit
- 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.
|
|
