The Organisation for Economic Co-operation and Development upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year.
The OECD now expects global growth of 3.2% this year, compared to the 2.9% expansion it had forecast in June. Expectations for 2026 were unchanged at 2.9%. This would mark a slowdown from the 3.3% growth seen in 2024.
Growth expectations for the U.S. were also lifted, to 1.8% for 2025, compared to June's 1.6% estimate. This still marks a significant fall from 2024's 2.8% growth, however. The organization forecasts 1.5% growth for the U.S. in 2026.
"Global growth was more resilient than anticipated in the first half of 2025, especially in many emerging-market economies," the organisation said in a