Trade war cuts global economic growth outlook: OECD

japantimes.co.jpPublished: 6/3/2025

Summary

The OECD has lowered its global growth forecast to 2.9% annually for 2025 and 2026 due to President Trump's tariffs, with the U.S. particularly affected. This represents a modest decline from the previous year and is lower than the March prediction of 3.1% and 3.0%.