OECD lowers global growth projections
Trade tensions that have erupted since U.S. President Donald Trump returned to the White House are in part responsible for the dampened growth perspectives, the OECD said.
The OECD trimmed back its 2025 projection from 3.3 percent growth to 3.1 percent, “with higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending,” while also forecasting inflation “to be higher than previously expected.”
This story is from the March 18, 2025 edition of Gulf Today.
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This story is from the March 18, 2025 edition of Gulf Today.
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