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OECD 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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Turkish economy gears up for expansion as US growth set to shrink: OECD - Türkiye Today
The Organisation for Economic Co-operation and Development (OECD) has lowered its global economic growth forecasts, expecting a slowdown in the U.S., while raising its outlook for the Turkish economy in its latest economic report released on Monday. According to the Economic Outlook, Interim Report March 2025, titled “Steering through uncertainty,” the OECD estimates that Türkiye’s economy grew by 3.2% in 2024. The organization previously projec…
·Istanbul, Türkiye
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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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Coverage Details
Total News Sources25
Leaning Left4Leaning Right8Center5Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 24%
C 29%
R 47%
Factuality
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