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

  • Economic growth in the United States is projected to slow to 2.2 percent in 2025, according to the Organisation for Economic Co-operation and Development report.
  • Global GDP growth is expected to decline from 3.2 percent in 2024 to 3.1 percent in 2025, as stated by the OECD.
  • The Joint Economic Committee reported that tariffs will increase costs for American families by $1,600 to $2,000 annually.
  • OECD emphasized the need for governments to cooperate to prevent escalating trade barriers among countries.
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Herald Sun broke the news in Melbourne, Australia on Friday, March 14, 2025.
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