The Organization for Economic Cooperation and Development (OECD) has released an updated economic outlook, revising its global growth forecast upward. The revision reflects a stronger-than-anticipated performance in the first half of the year, driven by robust activity in several major economies.

The OECD’s latest projections indicate a global growth rate of 3.1%. This represents a notable increase from the organization’s earlier forecast.

The report highlights the continued importance of structural reforms to boost long-term growth potential. It also emphasizes the need for prudent macroeconomic policies to maintain stability and support sustainable economic expansion.

While acknowledging the improved short-term outlook, the OECD cautions against complacency, noting that risks remain, including high energy prices and global imbalances.