Forecast Political insignificance is increasing the rate of growth of world GDP, experts are concerned about further fragmentation of the world economy and escalation of trade interchanges.
Such trends are recorded in the economic forecast of the Organization for Economic Development and Development, which was published on Monday, reports Ukrinform.
“The high level of geopolitical and economic uncertainty is about to become a significant risk for the baseline forecast. One of the possible risks is the escalation of trade interim calls. The influx of these shocks will be mitigated because there is a political lack of importance of growth and because there will be a widespread revaluation of risks in financial markets,” says the OECD.
This year, the growth of world GDP will fall from 3.2% in 2024 to 3.1% in 2025, 3% in 2026 through the shift in trade barriers in many countries in G20 countries and increased political insignificance.
Zokrem, according to the forecast, the growth of real GDP in the United States will fall to 2.2% in 2025 and 1.6% in 2026. The forecast for economic growth of the eurozone has been reduced from 1.3% to 1% in 2025, and growth to 1.2% in 2026.
It is expected that inflation will be higher in the near future, but it is expected. Proteus, the basic price in G20 countries will decrease from 3.8% in 2025 to 3.2% in 2026.
“The pressure of inflation persists in rich economies, and in recent years, persistent inflation has begun to increase again in more countries. Inflation of prices for services remains high, and the average figure in OECD countries becomes 3.6%,” it says.
OECD experts have concluded that further escalation of the US trade conflict with other countries will result in a negative impact on economic growth. At the same time, the stabilization of the political situation in some countries, such as Germany, and the reduction of trade prices can improve the trends in the world economy.
“Increasing protectionism, geopolitical insignificance and weak growth prospects will necessitate the need for ambitious structural policy reforms to ensure healthy domestic markets. Before them, regulatory reforms are necessary in order to address competitive market dynamics, for example, the way to establish an over-the-world regulatory force for companies to enter the market,” according to OECD experts.
According to Ukrinform, the Organization for Economic Cooperation and Development (OECD) has marked significant progress in Ukraine in the fight against corruption.