ISTANBUL: The Organization for Economic Co-Operation and Development (OECD) has increased its expectation for the global economic growth from 3.1% to 3.2% on Wednesday. Releasing its Economic Outlook's Interim Report, the OECD said global output growth has remained resilient and inflation has continued to moderate. It said: "Growth has been relatively robust in many G20 countries including the United States, Brazil, India, Indonesia and the United Kingdom. "In contrast, outcomes have remained soft in a few economies, including Germany, and output contracted in Argentina." The report forecasted that the G20 economies will grow by 3.2%, up 0.1 percentage points from the previous estimation, while the euro area's forecast was unchanged at 0.7% for this year. Among major eurozone economies, France, Spain and Italy's GDP growth predictions increased while German economy is expected to expand by 0.1%, down 0.1 percentage points from the previous report in May. Argentina's economy is expected to narrow by 4% i n 2024, and Japan was only other country expecting a contraction in the economy among G20 for 2024, by 0.1%. The organization expected an increase of 2.6% for the US economy and 1.1% for the UK. Russian economy is forecasted to increase by 3.7% in 2024. The Turkish economy is expected to increase by 3.2%, down 0.2 percentage points from the May report. While the OECD's 2025 expectation for the world economy was unchanged at 3.2%, there were no negative forecast for G20 members. Source: Anadolu Agency