U.S. and global economic outlooks cut by OECD as Trump's trade tariffs weigh on growth

Global economic growth is projected to slow, with the OECD forecasting a decrease from 3.2% in 2024 to 3.0% in 2026 due to higher trade barriers and geopolitical uncertainty. The U.S. economy is expected to see a decline in GDP growth, dropping to 1.6% in 2026 from its recent strong pace. Inflation is set to rise, with headline inflation in the U.S. projected at 2.8% in 2025 and core inflation remaining above central bank targets in many countries.

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