OECD Economic Outlook, Volume 2025 Issue 2

This edition of the OECD Economic Outlook was produced by the OECD Economics Department. The global outlook and the overall report were prepared under the general supervision of Luiz De Mello, Asa Johansson, Isabell Koske and Filiz Unsal, and managed by Nigel Pain.

Chapter 1 was prepared in the Macroeconomic Policy and Research Division and supervised by Nigel Pain, with Ben Westmore, Catherine MacLeod and Álvaro Pina as principal authors; and Masatoshi Ando, Ben Conigrave, Patrice Ollivaud, Caroline Roulet, Elena Rusticelli and Srdan Tatomir providing substantive contributions.

Chapter 2 was supervised by Dan Andrews, with Dan Andrews, Joana Duran-Franch and Sébastien Turban as the principal authors.

Chapter 3 was prepared by the Country Studies Branch, with contributions from Müge Adalet McGowan, Paula Adamczyk, Geoff Barnard, Hansjörg Blöchliger, Martin Borowiecki, Jarka Botev, Tim Bulman, David Cashin, Boris Cournède, Lilas Demmou, Charles Dennery, Federica De Pace, Falilou Fall, Priscilla Fialho, Erik Frohm, Paula Garda, Daniela Glocker, Nicolas Gonne, Antoine Goujard, Robert Grundke, David Haugh, Philip Hemmings, Yosuke Jin, Andrew Keith, Nikki Kergozou, Junhah Kim, Caroline Klein, Michael Koelle, Kyongjun Kwak, Timo Leidecker, Alessandro Maravalle, Dimitris Mavridis, Margit Molnar, Hermes Morgavi, Ken Nibayashi, Kazuyoshi Ohnuma, Alberto González Pandiella, Jon Pareliussen, Junbaek Park, Pierre Alain Pionnier, Claudia Ramirez Bulos, Adolfo Rodriguez Vargas, Oliver Röhn, Simone Romano, Katja Schmidt, Serdar Sengul, Cyrille Schwellnus, Vaiva Šečkutė, Patrizio Sicari, Michael Sicsic, Zuzana Smidova, Emilia Soldani, Jan Strasky, Enes Sunel, Gilles Thirion, Tetsuya Yoshioka and Volker Ziemann. The preparation of the country notes and the forecasts were supervised by Müge Adalet McGowan, Jens Arnold, Sebastian Barnes, Pierre Beynet, Aida Caldera Sánchez and Mame Fatou Diagne.

Overall coordination and key editorial and statistical support were provided by Isabelle Fakih and Jérôme Brézillon.

Statistical support was given by Damien Azzopardi, Corinne Chanteloup, Lutécia Daniel, Michela Gamba, Véronique Gindrey, Federico Giovannelli, Béatrice Guérard, Mauricio Hitschfeld, Eun Jung Kim, Seung‑Hee Koh, Isabella Medina, Natia Mosiashvili, Axel Purwin, Monica Quinza Armenta, and Mafalda Trincão. Editorial support for the country notes was provided by Jean-Rémi Bertrand, Laura Fortin, Rosario Hernando Cruz, Robin Houng Lee, Sophie Jenkins, Elodie Lormel and Sisse Nielsen.

Background analysis for the projections was provided by Thomas Chalaux and Yvan Guillemette. Database management was provided by the Smart Data and Digital Solutions Unit, with contributions from Esther Bolton, Steven Cassimon, Jeroen Meyer and Gil Parola.

An initial draft of the report was discussed by the OECD Economic Policy Committee. This report is published under the responsibility of the Secretary-General of the OECD.

OECD (2025), OECD Economic Outlook, Volume 2025 Issue 2: Resilient Growth but with Increasing Fragilities, OECD Publishing, Paris, https://doi.org/10.1787/9f653ca1-en