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

  • The OECD has revised down the economic outlook for the U.S. And globally as trade tariffs imposed by Donald Trump impact growth negatively.
  • The GDPNow model from Atlanta Fed predicts a real GDP growth of-2.1 percent for Q1 2025, revised down from-1.6 percent.
  • Paul Krugman states that President Trump is transforming the U.S. Into a 'rogue nation,' which has significant monetary and political implications.
  • Krugman warns that America's loss of trust may lead to diminished foreign purchases of American goods and a decline in its higher education system.
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  • 38% of the sources lean Left
38% Left
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Herald Sun broke the news in Melbourne, Australia on Friday, March 14, 2025.
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