Global growth to slow but avoid a hard landing – OECD

The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said on Wednesday. Global growth is set to moderate from 2.9% this year to 2.7% in 2024 before picking up in 2025 to 3.0%, the Paris-based policy forum said in its latest Economic Outlook. Growth in advanced economies that make up the OECD's 38 members was seen headed for a soft landing with the United States holding up better than expected so far.