"The global economy has proved resilient. Inflation has declined further towards central bank targets, while growth has remained stable," OECD Secretary-General Mathias Cormann said.
"Significant challenges remain. Geopolitical tensions pose short-term risks, public debt ratios are high and medium-term growth prospects are too weak. Policy action needs to safeguard macroeconomic stability - through monetary policy easing that is carefully calibrated to ensure inflationary pressures are durably contained."
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