Wed Sep 25 09:26:41 UTC 2024: ## OECD: Global Economy Stabilizing as Inflation Eases and Rate Hikes Lose Grip
**Paris, France** – The Organization for Economic Co-operation and Development (OECD) announced on Wednesday that global economic growth is stabilizing, with the impact of central bank interest rate hikes waning and falling inflation bolstering household incomes. This optimistic assessment led the OECD to slightly revise its outlook for global growth in 2023.
The improved economic picture is attributed to a combination of factors. The aggressive monetary tightening measures implemented by central banks around the world to curb inflation are starting to lose their grip, lessening their impact on economic activity. Additionally, falling inflation levels are putting more money back in consumers’ pockets, boosting their purchasing power and driving economic growth.
While the OECD remains cautious about the global economic outlook, these positive developments suggest a potential rebound in the coming months. Further details regarding the revised growth forecasts are expected to be released by the OECD in its upcoming Economic Outlook report.
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