When Will The Economy Improve 2024. The global economy is continuing growing at a modest pace, according to the oecd’s latest economic outlook. A slight acceleration for advanced economies—where growth is expected to rise from 1.6 percent in 2023 to 1.7 percent in 2024 and 1.8 percent in 2025—will be offset by a.

The growth forecasts are 0.2 and 0.1 percentage point higher, respectively, compared with our june. In early 2024, both headline and core inflation are likely to see a temporary increase as the goods and services tax (gst) rises to 9 per cent and public transport fare.