US Economy Is Remarkably Strong Compared to Europe, OECD Economist Says
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The US economy is showing "remarkable strength" compared with Europe, according to OECD Chief Economist Clare Lombardelli. The OECD revised up its forecasts for US growth next year while cutting expectations for most of the euro area. Lombardelli attributes the weaker European economies to the tightening of monetary conditions and the shocks of the energy price surge in recent years. The euro area is now expected to expand only 0.6% in 2024.

#UsEconomy #Europe #Oecd #EconomicGrowth

https://www.bloomberg.com/news/articles/2024-02-05/us-economy-is-remarkably-strong-as-eu-weak-oecd-economist-says