Trade wars and increased geopolitical uncertainty are causing the OECD to lower its estimate for global GDP growth by 0.2 percentage points in 2025 and 0.3 percentage points in 2026. The OECD, a consultative economic cooperation organization, writes in its latest forecast, which was released on Monday morning.
Here it says that the organization now expects global growth of 3.1 percent in 2025 and 3.0 percent in 2026.
- Significant changes have occurred in trade policies that, if maintained, will hit global growth and increase inflation, the OECD writes in a summary of the forecast.
GDP, gross domestic product, is an expression of the size of a country's economy and is the most widely used key figure to measure it. Increases or decreases show whether the economy is growing or shrinking.
In the United States, the OECD now expects GDP growth to slow to 2.2 percent in 2025 and 1.6 percent in 2026. In the euro area, the organization expects the economy to grow 1.0 percent in 2025 and 1.2 percent in 2026. At the same time, the OECD now expects higher inflation than previously expected.
jel /ritzau/
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