OECD Publishes Economic Forecasts for 2025
Germany's economy could grow by just 0.1 percent this year
The Organization for Economic Cooperation and Development (OECD), the world’s largest international economic organization of developed countries, which cooperates with more than 100 nations from North America, Europe, and Asia, released a new report on September 28 on the economic situation and outlook for 2025 in major regions of the world. According to OECD experts’ estimates, published in the report “OECD Economic Outlook – Turning the Corner,” in 2025 the world gross domestic product growth is expected to be 3.2%, while the inflation rate in the G20 countries will not increase next year and is expected to exceed 3.3 percent.
As for individual OECD countries, inflation in Germany will be 2.4% in 2024, confirming previous forecasts, before falling to 2% in 2025 (-0.2% on previous forecasts). Great Britain will be the G7 country with the highest inflation, averaging 2.7% in 2024 and 2.4% in 2025. In France, inflation is expected to fall to 2.2% in 2025 after reaching 2.5% in 2024.
In terms of expected economic growth this year, GDP in Germany, France, and Britain should increase by 0.1%, 1.1%, and 1.1% respectively to rise to 1% in 2025 (Germany), 1.2% (France), and 1.2% (Britain).
As for Russia’s economic prospects, OECD experts revised upward their estimates of Russia’s gross domestic product growth in 2024, which will increase by 3.7% compared to +2.6% expected last May. In 2025, Russia’s GDP is expected to grow by 1.1 percent.
The OECD also revised its estimates of inflation growth in Russia upward: in 2024, the country’s inflation rate should reach 7.8%, which is 0.4% higher than previous estimates of May 2024. In 2025, price growth should slow to 5.5 percent.
To download the OECD report from Pluralia’s website (PDF in English), follow the link
