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The OECD has forecasted that a stronger US economy will help mitigate the global slowdown this year, but a weakening Chinese economy will have a greater negative impact next year. Global GDP growth is expected to slow to 3.0% this year, an upgrade from the previous estimate but is projected to slow further to 2.7% in 2024. OECD has said that central banks should keep interest rates high until clear signs of inflationary pressures have subsided.
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