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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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Daily Kos

The Trump Recession is Looking More Likely -- Latest GDP Now-cast from Atlanta Fed: -2.1% in Q1

Here’s the link to the latest now-cast for Q1 GDP growth from the Atlanta Fed researchers: www.atlantafed.org/… And here is their statement: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is...

1 hour ago·United States

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greatlakesadvocate.com.au

+3 Reposted by 3 other sources

Trade wars, stagflation and recession - how global economics could affect your mortgage

After a swift recovery in January 2025, Australia's property market is at a crossroads.

2 hours ago

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Deutschlandfunk

Trade Conflicts - OECD Lowers Global Growth Forecast for 2025

According to the Organisation for Economic Cooperation and Development, the new trade conflicts weaken the global economy.

3 hours ago·Germany

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American Enterprise Institute

So Much for a Trump Economic Boom

HL Menken, the American political satirist, famously observed that democracy is the theory that the common people know what they want, and deserve to get it good and hard. With the US economy now appearing well on its way to a recession, with inflation expectations rising, and with the stock market swooning, we have to wonder whether last November’s US election might be yet another instance of Menken being all too on point in his cynical observa…

4 hours ago·Washington, United States

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Bloomberg

Trump Forces Carmakers to Game Out Calculus on American Plants

Volkswagen AG has been wanting to build more cars in North America.

5 hours ago·United States

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The Epoch Times

OECD Cuts US Economic Outlook Citing Inflation, Tariff Wars

Economic growth in the United States and globally could be at risk amid rising prices and countries implementing tariffs against imports, according to a new report by the Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization of 38 member nations, mostly high-income economies. “Annual real GDP growth in the United States is projected to slow from its very strong recent pace, to 2.2 percent in 2025 and 1.…

6 hours ago·New York, United States

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