21 Sep 2021
OECD Interim Economic Outlook
In the OECD’s September Interim Economic Outlook the organisation kept its global GDP growth forecasts broadly unchanged from its previous outlook in May, at 5.7% for 2021 and 4.5% for 2022, as key policy measures continue to boost growth in advanced economies even as inflation starts to create headwinds.
The 2021 US growth forecast was downgraded by -0.9 percentage points to 6.0%, owing to rising inflation, in part caused by higher shipping and commodity costs. China’s forecast for 2021 was kept unchanged at 8.5%, while India and Japan were downgraded slightly to 9.7% and 2.5% respectively. By contrast, projected Euro area growth was upgraded by one percentage point to 5.3%.