US EditionOECD cuts UK growth forecasts as Reeves readies budget update
- The Organisation for Economic Co-operation and Development reduced its UK growth forecasts to 1.4% in 2025 and 1.2% in 2026, down from earlier forecasts of 1.7% and 1.3% respectively.
- The OECD warned that consumers face much of the burden of higher tariffs and emphasized the need for governments to address concerns within the global trading system.
- Canada's growth forecast has been cut to 0.7% for the next two years, a decline from the 2% previously estimated, due to trade tariffs.
- Mexico is projected to enter a recession, with output expected to shrink by 1.3% in 2025 and 0.6% in 2026 according to the OECD.
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Only Mexico is even worse off: the OECD is significantly reducing its growth forecast for the German economy. Even for the world economy, it does not look too good - which is related to Trump's trade policy.
·Hamburg, Germany
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UK economy takes major hit as growth forecast slashed after Trump’s trade war sparks global downturn
Britons have been warned of a ‘significant impact on living standards’ as Donald Trump’s escalating trade war puts the UK economy under pressure, driving up prices and threatening growth.Experts have slashed the UK’s economic forecast, warning that rising tariffs and global trade tensions could weaken consumer spending, fuel inflation, and slow down job creation.The downgrades come as Trump's new tariffs on imports from Canada, Mexico and China …
·London, United Kingdom
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Total News Sources25
Leaning Left4Leaning Right6Center4Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
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