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OECD cuts U.S. and global economic outlooks as Trump’s trade tariffs weigh on growth

  • The Organisation for Economic Co-operation and Development reported that U.S. GDP growth will slow to 2.2% in 2025 due to rising prices and tariffs.
  • Global GDP growth is projected to decline from 3.2% in 2024 to 3.1% in 2025, according to the OECD's report on March 17.
  • The OECD expressed concern that higher tariffs burden consumers and noted potential significant impacts on living standards from trade restrictions.
  • CEO confidence in the U.S. Economy has surged, reaching the highest level in three years, amidst the challenges posed by Trump's tariffs.
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Herald Sun broke the news in Melbourne, Australia on Friday, March 14, 2025.
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