OECD raises global growth forecast for 2025 to 3.2%

The Organization for Economic Co-operation and Development (OECD) has raised its forecast for global economic growth this year to 3.2%, as against its previous forecast issued in June of 2.9%, according to its latest Economic Outlook report released on September 23. Its 2026 growth forecast remains at 2.9% however, unchanged from its June projection.

The OECD explained that in the first half of this year global growth was more resilient than anticipated, especially in many emerging-market economies, mainly thanks to the front-loading of goods production and trade ahead of the introduction of higher US tariff rates. During the January-June half, industrial production growth had