Recent activity indicators point to continued moderate global growth

High-frequency activity indicators generally suggest a continuation of recent moderate growth. Across countries, clear signs of strong near-term momentum continue in India, relative weakness in Europe, and mild near-term growth in most other major economies. Global growth, which rose by an estimated 3.1% in 2023, is projected to slow to 2.9% in 2024 and then increase to 3.0% in 2025.

See also: OECD Economic Outlook, Interim Report February 2024.