OECD cuts global outlook as Trump tariffs bite at US growth

  • OECD releases their latest forecast of the global economy - 3 June 2025
OECD cuts US, China, Eurozone growth forecasts for 2021, 2022
  • 🌍 2025 global GDP growth forecast seen at 2.9% (previously 3.1%)
  • 🌍 2026 global GDP growth forecast seen at 2.9% (previously 3.0%)
  • πŸ‡ΊπŸ‡Έ 2025 US GDP growth forecast seen at 1.6% (previously 2.2%)
  • πŸ‡ΊπŸ‡Έ 2026 US GDP growth forecast seen at 1.5% (previously 1.6%)
  • πŸ‡ͺπŸ‡Ί 2025 Eurozone GDP growth forecast seen at 1.0% (unchanged)
  • πŸ‡ͺπŸ‡Ί 2026 Eurozone GDP growth forecast seen at 1.2% (unchanged)
  • πŸ‡¨πŸ‡³ 2025 China GDP growth forecast seen at 4.7% (previously 4.8%)
  • πŸ‡¨πŸ‡³ 2026 China GDP growth forecast seen at 4.3% (previously 4.3%)
  • πŸ‡¬πŸ‡§ 2025 UK GDP growth forecast seen at 1.3% (previously 1.4%)
  • πŸ‡¬πŸ‡§ 2026 UK GDP growth forecast seen at 1.0% (previously 1.2%)
  • πŸ‡―πŸ‡΅ 2025 Japan GDP growth forecast seen at 0.7% (previously 1.1%)
  • πŸ‡―πŸ‡΅ 2026 Japan GDP growth forecast seen at 0.4% (previously 0.2%)

The organisation is projecting a more downbeat outlook for the world economy as Trump tariffs look set to bite at US growth especially. There are also downgrades for China, UK, and Japan for this year as well.

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