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United States Oecd Economic Outlook Volume 2025 Issue 2

Leo Migdal
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united states oecd economic outlook volume 2025 issue 2

Ship containers are stacked at the Panama Canal Balboa port, operated by the Panama Ports Company, in Panama City, Sept. 20, 2025. (AP Photo/Matias Delacroix, File) WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and... economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick from 3.3% in 2024 but an improvement on the 2.9% it had predicted for 2025 back in...

The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9% next year. The OECD also raised its forecast for U.S. growth this year – to 2%, up from the 1.6% it had forecast in June. Still, even with the upgrade, the American economy – the world’s largest -- would have grown considerably more slowly than it did in 2024 (2.8%). Since returning to the White House in January, Trump has overhauled U.S. trade policy, imposing taxes on imports to build a protectionist wall around the previously open American economy.

U.S. economic growth is likely to hit the brakes this year, with GDP dramatically slowing due to the impact of the Trump administration's tariffs and uncertainty around its economic policies, the Organization for Economic Cooperation... GDP growth is forecast to slide to 1.6% in 2025 and 1.5% next year, a sharp reduction from the 2.8% growth recorded last year, according to the OECD, an international organization of 38 member... While the OECD's U.S. forecast didn't mention President Trump by name, the report cited new tariffs as one of the primary causes of the economic slowdown. The Trump administration's policies, which have introduced new import duties on almost every foreign nation, have hiked the effective tariff rate to 15.4% from 2% last year, marking the highest rate since 1938, the...

Because tariffs are paid by U.S. importers like Walmart, those costs are largely passed onto consumers in the form of higher costs — prompting the OECD to forecast that inflation in the U.S. will "spike in mid-2025" and reach 3.9% by the end of 2025. The Consumer Price Index rose by 2.3% in April, as the tariffs largely hadn't yet impacted prices at that point. Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump's tariff turmoil weighs on expectations.

The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025. The fallout from Trump's tariff policy, elevated economic policy uncertainty, a slowdown of net immigration and a smaller federal workforce were cited as reasons for the latest downgrade. Global growth, meanwhile, is also expected to be lower than previously forecast, with the OECD saying that "the slowdown is concentrated in the United States, Canada and Mexico," while other economies are projected to... "Global GDP growth is projected to slow from 3.3% in 2024 to 2.9% this year and in 2026 ...

on the technical assumption that tariff rates as of mid-May are sustained despite ongoing legal challenges," the OECD said.

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The Organization, Which Does Economic Research And Promotes International Trade

The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9% next year. The OECD also raised its forecast for U.S. growth this year – to 2%, up from the 1.6% it had forecast in June. Still, even with the upgrade, the American economy – the world’s largest -- would have grown considerably more slowly than it did in 2024 (2.8%)...

U.S. Economic Growth Is Likely To Hit The Brakes This

U.S. economic growth is likely to hit the brakes this year, with GDP dramatically slowing due to the impact of the Trump administration's tariffs and uncertainty around its economic policies, the Organization for Economic Cooperation... GDP growth is forecast to slide to 1.6% in 2025 and 1.5% next year, a sharp reduction from the 2.8% growth recorded last year, according to the OECD, an internatio...

Because Tariffs Are Paid By U.S. Importers Like Walmart, Those

Because tariffs are paid by U.S. importers like Walmart, those costs are largely passed onto consumers in the form of higher costs — prompting the OECD to forecast that inflation in the U.S. will "spike in mid-2025" and reach 3.9% by the end of 2025. The Consumer Price Index rose by 2.3% in April, as the tariffs largely hadn't yet impacted prices at that point. Economic growth forecasts for the U....

The U.S. Growth Outlook Was Downwardly Revised To Just 1.6%

The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025. The fallout from Trump's tariff policy, elevated economic policy uncertainty, a slowdown of net immigration and a smaller federal workforce were cited as reasons for the latest downgrade. Global growth, meanwhile, is also expected to be lower than...