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PARIS, Feb 5 Reuters The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook in the United States offsets euro zone weakness, the OECD said on Monday.

World economic growth is expected to ease from 3.1 in 2023 to 2.9 this year, better than the 2.7 expected in November in the Organisation for Economic Cooperation and Development39;s last outlook.

In an update of its forecasts for major economies, the Parisbased OECD left its 2025 global estimate unchanged at 3.0, when growth is expected to be boosted by major central banks rate cuts as inflation pressures subside.

The U.S. economy was expected to grow 2.1 in 2024 and 1.7 in 2025 as lower inflation boosted wage growth and triggers interest rate cuts, the OECD said, raising its 2024 forecast from 1.5 previously and leaving 2025 unchanged.

As China contends with real estate market wobbles and weak consumer confidence, its growth was seen slowing from 5.2 in 2023 to 4.7 in 2024 and to 4.2 in 2025, all unchanged from November forecasts.

With a slowdown in Germany weighing on the broader euro area, the shared currency bloc39;s outlook had worsened since November, with its economy now expected pick up from 0.5 last year to only to 0.6 this year, down from 0.9 previously. In 2025, it was seen growing 1.3, revised down from 1.5….