VIENNA , 12 August. - (ANA) - World economic growth is forecast at 2.9% for 2024 and 2.9% for 2025, both unchanged from last month’s assessment, according to the OPEC monthly Oil Market report. 

 

Following a strong growth in 2Q24, the US economic growth forecast for 2024 is revised up to 2.4%, while the 2025 forecast remains unchanged at 1.9%. The strong economic performance exhibited by the US economy in 1H24 has been offset somewhat by weaker economic performance in Japan. 

 

Japan’s economic growth forecast for 2024 is revised down slightly to 0.2%, while its 2025 forecast remains unchanged at 0.9%. For the Eurozone, the economic growth forecasts remain unchanged for both 2024 and 2025 at 0.7% and 1.2%, respectively. 

 

In the non-OECD, China’s economic growth forecasts remain at 4.9% in 2024 and 4.6% in 2025. India’s economic growth forecasts are unchanged for both 2024 and 2025, at 6.6% and 6.3%, respectively. Brazil’s economic growth forecasts are unchanged at 1.8% for 2024 and 1.9% for 2025. Russia’s economic growth forecasts remain at 3.1% in 2024 and 1.5% in 2025.   - (ANA) -

 

AB/ANA/12 August 2024 - - -