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OECD Raises Global Growth Forecast to 3.2 Percent Despite Trump Tariffs
The Organisation for Economic Co-operation and Development credits AI investment and policy support for offsetting trade shocks while warning of fiscal and trade risks ahead.
- On Tuesday, the Paris-based Organisation for Economic Co-operation and Development raised its global growth forecast to 3.2% for 2025, citing the global economy's resilience.
- Policy and market drivers including AI investment, fiscal support and expected Federal Reserve rate cuts ease the drag from US tariff hikes, reduced immigration and federal job cuts.
- The US economy is now forecast to grow 2% in 2025, China to hold steady at 5%, and the eurozone's growth forecast rose to 1.3%.
- The OECD warned that higher tariffs will raise prices, reducing household consumption and business investment, while investor optimism about AI could trigger a market correction and fiscal risks may push long-term sovereign yields higher.
- Global growth is expected to slow to 2.9% in 2026 before rebounding to 3.1% in 2027, while global trade growth moderates from 4.2% to 2.3% and major central banks likely ease borrowing costs over the coming year.
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OECD raises US, eurozone growth targets as world economy 'resilient'
The world economy has been "surprisingly resilient" in the face of adversity this year, the OECD said Tuesday, raising its growth estimates for key economies, notably the US and the eurozone.
·Missoula, United States
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The institution estimates that global growth will reach 3.2 per cent in 2025, slightly better than expected in June. While US trade has slowed, elsewhere – and particularly in Asia – they have accelerated.
·Paris, France
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Total News Sources77
Leaning Left10Leaning Right14Center31Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 18%
C 56%
R 26%
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