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Added on the 07/06/2023 13:30:57 - Copyright : Euronews EN
The OECD raises its global economic growth forecast for 2024, driven by strong performances in the United States and emerging countries while Europe lags behind. The US economy -- the world's biggest -- is now expected to expand 2.6 percent in 2024, up from the 2.1 percent previously expected. But the OECD expects timid growth of 0.7 percent in the eurozone, slightly better than the 0.6 percent previously expected. SOUNDBITE
The world's economic outlook is "much more pessimistic" as a result of the war in Ukraine, warns Secretary-General Mathias Cormann, as the OECD slashes its 2022 growth forecast and projects higher inflation. SOUNDBITE
The OECD trims its 2020 global economic growth forecast and says it does not see a strong rebound in 2021 owing to risks stemming from trade tensions. SOUNDBITE
The OECD cuts its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth. Governments "must act urgently to reinvigorate growth that benefits all," the Organisation for Economic Co-operation and Development says as it pared back its forecast for global growth to 3.2 percent this year from 3.3 percent earlier. SOUNDBITE
The OECD raises its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind. The Paris-based organisation says it now sees this year's global growth at 3.1 percent, up from its February projection of 2.9 percent SOUNDBITE
The United States says it has seen some improvement by Israel in narrowing targets in its Gaza offensive as it renews a call on its ally to spare civilians. "We've seen a much more targeted request for evacuations" than in the earlier campaign in the north, US State Department spokesman Matthew Miller tells reporters. "So that is an improvement on what's happened before." SOUNDBITE
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