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CHARTING THE GLOBAL ECONOMY: OECD LOWERS MOST INFLATION FORECASTS

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By Molly Smith and Vince Golle
February 10, 2024 at 11:00 AM GMT+1
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The OECD expects global inflation to recede faster in most economies compared to
its previous estimates, but urged central bankers to stay alert as it’s too soon
to declare victory.

Deflation in China is deepening, while annual revisions confirmed US inflation
is on a downward trend. However, price pressures in Brazil failed to slow by as
much as forecast at the start of the year, while wage growth maintained momentum
in Japan.

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