U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

Canada’s Economy Will Be Among Those Most Affected by Global Downturn: OECD

The global economy is headed for a downturn, and Canada is one of the nations that will be hardest hit as the repercussions of Washington’s tariffs persist, warns the world’s economic watchdog. The Organisation for Economic Co-operation and Development (OECD) has updated its forecast for the second time this year, predicting global gross domestic product will decrease from 3.3 percent in 2024 to 2.9 percent this year and in 2026, assuming that t…

Economic Research: Economic Outlook U.S. Q2 2025: Losing Steam Amid Shifting Policies

The sequencing of policies from President Donald Trump's administration could mean slowing growth for the U.S. economy before any potential positives from promised deregulations and tax cuts. The front-loading of regressive policies--higher tariffs and federal workforce layoffs--are disrupting growth earlier than we previously projected. As a result, S&P Global Ratings forecasts real GDP growth will cool to 1.9% in 2025 and 2026, down from 2.9% …

Trump tariffs would net $2.8 trillion over next decade, CBO says - Washington Examiner

The Congressional Budget Office said that President Donald Trump’s tariff agenda would raise $2.8 trillion over the next decade. The CBO analysis released Wednesday found that the tariff agenda, as implemented by Trump by executive action through May 13, if continued, would increase federal tax revenue by $2.8 trillion, a sizable amount. The $2.8 trillion figure is after accounting for how the tariff agenda would reduce the size of the U.S. econ…

PHL shows solid growth momentum, OECD says - BusinessWorld Online

THE PHILIPPINES’ growth momentum remains “broadly stable,” even as global trade tensions would make it hard to hit the 6-8% growth target in the next two years, an Organisation for Economic Co-operation and Development (OECD) economist said. “The Philippines continues to show very solid growth momentum, supported by domestic demand and somewhat by public investment,” OECD economist Cyrille Schwellnus said at a briefing on Wednesday. In its lates…