Global growth is in the process of stabilising as the drag from central bank rate hikes fades and falling inflation boosts households' incomes, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday (September 25), marginally raising its outlook for this year.

OECD projects global growth to stabilise at 3.2% this year

The Managing Director of the International Monetary Fund Kristalina Georgieva has said that global growth will bottom out this year while speaking at World Economic Forum in Davos. She affirmed the IMF's focus is to decelerate the global growth rate from 3.2% to 2.7% this year.

Global Growth rate to decelerate from 3.2% to 2.7% this year, predicts IMF

IMF Managing Director Kristalina Georgieva said that the International Monetary Fund is estimating this month that global growth for 2021 will be about 6%, the same as forecast in April, but with some countries growing faster and others more slowly.

World Business Watch: IMF to keep 2021 global growth forecast at 6% says Kristalina Georgieva

The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise a slowing global economy.

IMF cuts global growth forecast due to US-China trade tensions

Growth of the world economy is expected to slow as the US-China trade conflict takes its toll and undermines confidence, the World Bank said Tuesday in its semi-annual forecast.

World economy to slow this year due to US-China trade conflict: World Bank

Trade frictions between China and the United States are already affecting business confidence and investment in Asia, a senior International Monetary Fund official said, warning that the fund could further cut its global growth forecasts in January.

Trade war already hurting Asia, may cut global growth forecasts: IMF

In the latest update to the IMF's World Economic Outlook, nearly all the forecasts for 2018 and 2019 were revised upward compared to the October edition.

India to grow at 7.4% in 2018, global growth rate revised upwards: IMF