Permanent Delegation of the Republic of Korea to the Organisation for Economic Co-operation and Development (OECD)

▣︎ On Wednesday, December 4, the OECD released its World Economic Outlook under the subtitle “Resilience in uncertain times.” In this outlook, the OECD assessed that the global economy has demonstrated remarkable resilience despite being subject to major shocks such as the pandemic and an energy crisis. The OECD projects that this resilience will continue, with global GDP increasing by 3.3% in 2025 and 2026, and inflation falling towards central bank targets. However, rising trade tensions and further moves towards protectionism might disrupt supply chains, raise consumer prices, and negatively impact growth. Other downside risks to the outlook are; deviations from the projected smooth disinflation path, risk repricing and spillover risks in financial markets, and risks to financial stability from falling commercial real estate prices.