""The global economy has remained resilient, but the full effects of higher tariffs and policy uncertainty have yet to be felt. Global economic growth is projected to slow, and significant risks remain, as well as concerns about fiscal sustainability and financial stability," OECD Secretary-General Mathias Cormann said."
""To strengthen economic growth prospects, a key priority is to ensure a lasting resolution to trade tensions. We recommend that governments engage productively with one another to make international trading arrangements fairer and function better, in a way that preserves the economic benefits of open markets and rules-based global trade.""
The global economy remained resilient in early 2025, but higher tariffs, geopolitical risks and policy uncertainty are expected to slow activity. The OECD projects global growth of 3.2% in 2025 and 2.9% in 2026, down from 3.3% in 2024, as early stockpiles are drawn down and tariffs and uncertainty weigh on investment and trade. US GDP is projected at 1.8% in 2025 and 1.5% in 2026; the euro area at 1.2% and 1.0%; China at 4.9% and 4.4%. Headline inflation is forecast to fall from 3.4% to 2.9%, with core inflation in advanced G20 economies near 2.5–2.6%. Policy priorities include resolving trade tensions and central bank vigilance on price stability.
Read at London Business News | Londonlovesbusiness.com
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