How Is the U.S. Economy Performing?

The OECD has raised its forecast for the U.S. economy slightly, now predicting GDP to expand by 2.2 percent, up by 0.2 percentage points from its June estimate. At the same time, the economic outlook for the world as well as for the G20 countries went up by 0.1 percentage points. According to the organisation "stronger price pressures, weaker real income growth and higher interest rates will moderate near-term growth momentum in many economies, but robust AI-related activity and an assumed easing of energy prices in line with futures markets next year will help activity strengthen through 2027." However, the outlook for some economies is now significantly better than it was in June. This applies, for example, to India (+0.8 P.p.) and Germany (+0.4 P.p.).