OECD warns of global economic slowdown, with US hit hardest by Trump tariffs. Global growth projected to fall to 2.9% in 2025 and 2026, down from 3.3% in 2024, due to rising trade costs and uncertainty surrounding US tariffs. US economic growth to plummet from 2.8% to 1.5%, impacting Canada, Mexico, and China
Trump's Tariffs Slow Global Economic Growth, Hitting US Hardest: OECD Report
OECD Report: Global Economic Growth to Slow, US Hit Hardest. New projections reveal a decline in global growth from 3.3% in 2024 to 2.9% in 2025 and 2026, driven by rising trade costs from tariffs. The US faces a sharper slowdown, impacting key economies like Canada, Mexico, and China
OECD slashes global growth forecast: 2025 and 2026 projections revised down to 2.9%, citing Trump tariffs and rising trade costs. This marks the second downward revision this year, following March's cuts and December's initial forecasts
OECD slashes global growth forecast again, citing Trump's tariffs. Rising trade costs fueled by tariffs are driving inflation and slowing economic growth, with the US projected to be hardest hit. The downward revision highlights the significant impact of trade protectionism on global economic outlook
US Economic Growth to Plummet: OECD Forecasts Sharp Slowdown
The US economy faces a significant slowdown, with growth projected to fall from 2.8% in 2024 to a mere 1.6% in 2025 and 1.5% in 2026, according to the OECD. This sharp decline is attributed to rising trade costs stemming from President Trump's tariffs
Beyond the US, the OECD forecasts significant economic slowdowns for Canada, Mexico, and China, impacting global growth projections
Global economic slowdown: China's growth forecast to decrease from 5% in 2024 to 4.3% by 2026, while Canada and Mexico will see their economic growth fall from 1.5% in 2024 to 1.1% in 2025
OECD warns escalating US tariffs and global trade retaliation will intensify economic slowdown, disrupt supply chains, and roil financial markets. A 10% tariff increase on all countries could shrink global output by 0.3% and US output by 0.6% within two years. Increased trade costs fuel inflation and weaken global commodity demand, impacting US, Canadian, Mexican, and Chinese economies significantly
Trump's Tariffs Slow US Economic Growth: OECD Report. Despite President Trump's claims of a "BOOMING" economy on Truth Social, the OECD projects significantly slower US GDP growth—dropping from 2.8% in 2024 to 1.6% in 2025 and 1.5% in 2026—due to rising trade costs from his tariffs. This follows negative US GDP growth in Q1 2025, the first since 2022. The OECD warns of further economic slowdown if tariffs escalate
Global economic growth slows amid trade uncertainty, warns OECD. Secretary-General Mathias Cormann urges international cooperation and dialogue to address challenges in the global trading system, as rising tariffs threaten to fuel inflation and disrupt supply chains. The OECD's latest economic outlook projects a significant downward revision in global growth forecasts
OECD projects US inflation to rise to 3.2% in 2025, up from 2.5% in 2024, driven by rising trade costs from tariffs. A further increase to 2.8% is forecast for 2026, suggesting persistent inflationary pressures
Is the US Headed for a Recession? Key Economic Indicators and Forbes Analysis
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