OECD cuts global outlook as Trump tariffs bite at US growth
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- π 2025 global GDP growth forecast seen at 2.9% (previously 3.1%)
- π 2026 global GDP growth forecast seen at 2.9% (previously 3.0%)
- πΊπΈ 2025 US GDP growth forecast seen at 1.6% (previously 2.2%)
- πΊπΈ 2026 US GDP growth forecast seen at 1.5% (previously 1.6%)
- πͺπΊ 2025 Eurozone GDP growth forecast seen at 1.0% (unchanged)
- πͺπΊ 2026 Eurozone GDP growth forecast seen at 1.2% (unchanged)
- π¨π³ 2025 China GDP growth forecast seen at 4.7% (previously 4.8%)
- π¨π³ 2026 China GDP growth forecast seen at 4.3% (previously 4.3%)
- π¬π§ 2025 UK GDP growth forecast seen at 1.3% (previously 1.4%)
- π¬π§ 2026 UK GDP growth forecast seen at 1.0% (previously 1.2%)
- π―π΅ 2025 Japan GDP growth forecast seen at 0.7% (previously 1.1%)
- π―π΅ 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.
This article was written by Justin Low at www.forexlive.com.
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