Charting the Global Economy: OECD Lowers Most Inflation Forecasts

The OECD expects global inflation to recede faster in most economies compared to its previous estimates, but urged central bankers to stay alert as it’s too soon to declare victory.

Deflation in China is deepening, while annual revisions confirmed US inflation is on a downward trend. However, price pressures in Brazil failed to slow by as much as forecast at the start of the year, while wage growth maintained momentum in Japan.