John Fahey: Global economy faces potentially bumpy road

The OECD envisages a period of subdued growth, with inflation remaining elevated.

The global economy faces a 'long road ahead' to achieve strong and sustainable growth, according to the OECD. Picture: David Creedon

Rampant inflation, aggressive interest rate hikes by central banks, and elevated geopolitical tensions saw global economic growth slow notably over the course of 2022.

However, looking back over the first six months of 2023, many of the key advanced economies have performed better than anticipated.