ISSUE BRIEFING

OECD Forecasts 2.9% Global Growth for This Year: Can South Korea's Upward Growth Revision Be Read as Expanding Corporate Demand?

In its September interim economic outlook, the OECD projected global growth at 2.9% this year and 3.0% next year, while raising its forecast for South Korea. We examine why an upward revision in aggregates does not automatically translate in the same direction for corporate orders, costs, and cash flow.