OECD: Falling Energy Prices Could Bolster Global Economic Growth

Signs have emerged of a slight improvement in the global economy, thanks to falling energy and food prices in early 2023, the OECD said on Friday as it raised its global economic growth projections for this year and next.  The OECD now expects global economic growth at 2.6% this year, up from 2.2% expected in November, and at 2.

9% for 2024, up by 0.2 percentage points compared to the previous projection in November.  Despite the increase in growth projections, the OECD cautioned that the recovery is still fragile and risks remain skewed…