During an Asia-Pacific summit in South Korea, OECD Secretary-General Mathias Cormann warned of significant downward risks to the organization's global growth forecasts.

In its recent September economic projections, the OECD expects the global economy to grow by 3.2% in 2025, down from the 3.3% forecast for 2024.

The forecasts slightly adjust the previous projections from June, which estimated a 2.9% expansion.

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