An unfolding recovery

OECD Economic Outlook, May 2024

Global activity has proved surprisingly resilient so far

Inflation has been falling towards targets, but some pressures persist

AI has the potential to revive sluggish productivity growth

What should policymakers do?

1. Monetary policy needs to remain prudent, but there will be scope for lowering policy rate

2. Fiscal policy needs to address mounting pressures to ensure debt sustainability

3. More ambition is needed on structural policies to improve growth

Country economic snapshots

OECD Economic Outlook, Volume 2024 Issue 1

Photo credits ©: