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OECD: Global economy shows resilience

2025-12-04   

The Organization for Economic Cooperation and Development (OECD) released its latest economic outlook report on the 2nd, predicting global economic growth rates of 3.2% and 2.9% for the next two years, consistent with its September forecast. The report points out that the global economy is more resilient than expected this year, but still faces risks such as trade barriers, artificial intelligence foam and financial vulnerability. The report predicts that due to the impact of increased tariffs, slowing private consumption, and the federal government shutdown, the growth rate of the US economy will decrease from 2.8% in 2024 to 2.0% in 2025, and further slow down to 1.7% in 2026; In 2025 and 2026, the Eurozone economy is expected to grow by 1.3% and 1.2% respectively. The report believes that the expansionary macro policy orientation, positive market expectations for new technologies, and trade and investment growth driven by artificial intelligence related fields collectively support global demand. The report also warns that potential risks to the global economy are accumulating: the escalation of trade protectionism may seriously damage global supply chains and output, asset overvaluation based on optimistic expectations of artificial intelligence development may suddenly reverse, and fiscal fragility in various countries may hinder economic growth. The report suggests that the impact of US tariffs on the global economy is becoming more apparent and transmitted to expenditure choices, business costs, and consumer prices. The impacts on the US economy are particularly evident. The report mentions the risks facing the US economy, such as pressure on demand, persistent inflation, weak job market, and huge deficits. The report also believes that the current fiscal policy path of the United States is unsustainable, and reducing the huge deficit is the top priority. The report emphasizes that countries should strive to ease trade tensions, reduce policy uncertainty, curb inflation, address financial risks, and promote reforms to improve productivity. OECD Secretary General Mathias Coleman stated that constructive dialogue among countries is key to sustainably easing trade tensions and improving global economic prospects. The global market remains open and operates smoothly, which helps to improve people's living standards and promote economic growth. (New Society)

Edit:Yi Yi Responsible editor:Li Nian

Source:www.people.cn

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