A long unwinding road

OECD Economic Outlook, June 2023

GDP growth

Global growth has stabilised, but the improvement is fragile


Underlying inflation pressures remain high

Wages and income

Inflation hit households hard

What should governments do?

1. Maintain restrictive monetary policy to combat inflation

2. Phase out and target fiscal support

3. Prioritise pro-growth spending and supply-boosting structural reforms

Country notes

OECD Economic Outlook, Volume 2023 Issue 1

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