World economy yet to feel full force of Trump tariffs, OECD says

News Snapshot:

The global economy is still on course for a substantial blow from Donald Trump’s trade measures despite showing greater resilience than expected in recent months, the OECD said. In new forecasts published on Tuesday, the Paris-based organisation raised its 2025 outlook for world growth and most individual economies, citing the impact of front-loading in anticipation of higher tariffs. The US also saw strong investment in artificial intelligence, while China benefited from fiscal support. But the OECD made little change to its 2026 predictions, when it expects global growth to drop to 2.9 per cent from 3.2 per cent this year...