OECD Interim Economic Outlook
The OECD Interim Economic Outlook is an update each March and September of the OECD’s twice-yearly Economic Outlook published in November and June. Revised projections for annual real GDP growth are provided for the United States, Japan, the euro area, Germany, France, Italy, the United Kingdom, Canada, China, India and Brazil. Projections for world and G20 GDP growth are also updated, based on Interim projections for these countries and changes in external forecasts, applied to the most recent Economic Outlook projections, for the rest of the world.
In the March 2017 version of the OECD Interim Economic Outlook, global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.