Full Impact of U.S. Tariff Shock Yet to Come as Growth Holds Up, OECD Says
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gCaptain - Maritime & Offshore News
OECD’S 2025 GROWTH FORECASTS UPGRADEDGlobal economic growth is now expected to slow only slightly — to 3.2% in 2025 from 3.3% last year — compared to the 2.9% the OECD had forecast in June.
However, the Paris-based organization kept its 2026 forecast at 2.9%, with the boost from inventory building already fading and higher tariffs expected to weigh on investment and trade growth.
Nonetheless, China’s economy is expected to grow 4.9% this year – up from 4.7% in June – before slowing to 4.4% in 2026 – revised up from 4.3%.
In the euro zone, trade and geopolitical tensions were seen offsetting the boost from lower interest rates, the OECD said.
The OECD revised its growth forecast for Britain up to 1.4% this year from 1.3%, and kept its 2026 forecast unchanged at 1.0%.
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