Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the OECD said, warning that inflation is the main risk to an otherwise upbeat economic outlook
Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the Organisation for Economic Cooperation and Development said in its latest economic outlook.
Like most policymakers, the OECD said that the spike was expected to be transitory and fade as demand and production returned to normal. Against that backdrop, the best thing central banks can do for now is wait for supply tensions to ease and signal they will act if necessary, the OECD said.
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