India, May 2 -- The Organization for Economic and Co-operation and Development on Thursday lifted the global growth forecast for this year and next despite some substantial concerns about the outlook.
The Paris-based think tank raised the global growth forecast for this year to 3.1 percent from 2.9 percent projected in February. The outlook for next year was lifted to 3.2 percent from 3.0 percent.
The overall risks around the outlook are becoming better balanced, but substantial uncertainty remains, the OECD said.
Headline inflation in the G20 economies is projected to ease gradually, led by fading cost pressures.
The OECD forecast inflation to slow to 3.6 percent next year from 5.9 percent this year. The think tank expects inflation to...