US EditionFull impact of U.S. tariff shock yet to come as growth holds up, OECD says
- The OECD raised its 2025 global growth projection to 3.2% on September 23, 2025, noting resilience in the economy's first half.
- This revision follows a June cut to 2.9%, driven by concerns over US tariffs, elevated policy uncertainty, and paused front-loading effects.
- The OECD highlighted that US tariffs rose to 19.5% in August—the highest since 1933—with inflation risks from higher food and energy prices.
- Chief economist Alvaro Pereira emphasized the US economy's global importance, noted a labor shortage in tech, and urged trade barrier reductions to boost growth.
- Despite the upgrade, the OECD warned growth will slow next year amid tariffs, policy uncertainty, softer labor markets, and risks to financial stability.
40 Articles
40 Articles
The Washington Hispanic
The world economy will resist more than expected this year the sharp increase in tariffs imposed by US President Donald Trump, although its effects have not yet been fully felt, the OECD estimated this Tuesday. Global growth will be 3.2% in 2025, estimated in a new report by the Organisation for Economic Cooperation and Development (OECD), which revised its previous June projection by 0.3 percentage points upward. “Global growth has remained res…
Japan Today
Bangkok PostOECD ups world economic outlook as tariffs contained, for now
The world economy will grow more than previously forecast this year after absorbing the shock of U.S. President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time…
The Standard
Free Malaysia Today NewsOECD says full brunt of US tariff shock yet to come as growth holds up
Global growth is holding up better than expected, but the full brunt of the US import tariff shock is still to be felt as AI investment props up US activity for now and fiscal support cushions China's slowdown, the OECD said on Tuesday.
OECD warns Trump’s tariffs have ‘yet to be fully felt in the U.S. economy,' downgrades growth forecast with grim outlook
The world and U.S. economy are facing major threats to growth that could start as soon as the second half of the year and persist into 2026 thanks to President Donald Trump’s tariffs. That’s the outlook from the Organisation for Economic Co-operation and Development (OECD), the international, multilateral organization with the mission of driving the highest possible economic growth for the world. Global growth is predicted to drop to 2.9% while …
Full impact of U.S. tariff shock yet to come as growth holds up, OECD says
Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support cushions China's slowdown, the OECD said on Tuesday.
Paris, France. The world economy will resist more than expected this year the sharp increase in tariffs imposed by US President Donald Trump, although its effects have not yet been fully felt, the OECD estimated this Tuesday. Global growth will be 3.2% in 2025, estimated in a new report the Organization for Economic Cooperation and Development (OECD), which revised its previous June projection upwards by 0.3 percentage points. “Global growth has…
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