Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

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From 1h ago 03.01 EDT OECD cuts globa growth forecasts due to trade war slowdown Newsflash: Global growth will slow this year as Donald Trump’s trade wars hit the world economy, a new report says. The Organisation of Economic Cooperation and Development (OECD) has cut its forecasts for growth in 2025 and 2026, and warned that the global outlook is becoming “increasingly challenging”. The OECD now predicts that global GDP growth will 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”....