PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a “long road”.
The Paris-based organisation forecast an economic expansion of 2.7%, up from 2.6% in its previous report in March, with upgrades for the United States, China and the eurozone.
But it is still under the 3.3% growth recorded in 2022.
“The global economy is turning a corner but faces a long road ahead to attain strong and sustainable growth,” OECD chief economist Clare Lombardelli wrote in the OECD’s Economic Outlook.
“The…
