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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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Jacobin

We’re All Stagnationists Now

More and more economists agree with Robert Brenner that mature capitalist economies have begun to stagnate. We should not deny this reality but rather think clearly about how it affects our political outlook.

39 minutes ago

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Kronen Zeitung

"Trump can't hurt the economy for long

Finance expert Rosen considers the economic leadership role of the USA to be questioned, but investors can react. The tariffs see the free trade advocate above all as an inflation driver.

5 hours ago·Vienna, Austria

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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...

6 hours 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.

7 hours ago

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MSNBC

Hottest item being smuggled into U.S. amid Trump’s trade war? Eggs

A new NBC News poll shows that only 44% of Americans approve of President Trump's handling of the economy. Former Communications Director for the Jeb Bush 2016 campaign Tim Miller and former Chair of the Council of Economic Advisers during the Obama Administration Jason Furman join Chris Jansing to discuss Trump’s approval ratings, his handling of the economy, and the ongoing trade war.

8 hours ago·United States

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