OECD Updates Global Economic Growth Forecast for This Year

GDP globally is expected to increase by 3.2 percent this year, which is higher than the June forecast of 3.1 percent, an assessment that was then capped, according to the economic cooperation organization OECD. But it is still worse than last year's GDP increase of 3.3 percent.

The economy is more resilient, for example, to increased US tariffs, than what OECD previously assessed.

Large AI investments in the US and public investments in China also contribute to the world economy keeping up the pace.

But the effects of the tariffs are still unclear, they have not yet fully taken effect, even if the effects are starting to become clearer, according to OECD.