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OECD reduces us and global economic views when Trump’s trading tariffs weigh growth

Buyers and visitors to Oxford -Street, which are not unwinding on Oxford Street, performing on bad weather with the latest storm, using umbrellas on January 28, 2025 in London, UK. Oxford -Street is the main shopping center in the western end of the capital and is the most busy trading street in Europe, and about half a million visitors daily in about 300 shops, most of which are fashionable and high street clothing shops. (Photo by Mike Kemp/In Images via Getty Images)

Mike Kemp | In the pictures Gets the image

Both the US and global economic growth should be lower than previously projected, according to the latest estimates of the organization of economic cooperation and development.

“Global GDP growth is projected to moderately from 3.2% in 2024, up to 3.1% in 2025 and 3.0% in 2026, with higher trade barriers in several G20 economies and increasing geopolitical and political uncertainty weighing investments and household costs,” the USSR said on Monday.

“GDP’s annual growth in the US is supposed to slow down from its strong rates, will be 2.2% in 2025 and 1.6% in 2026.”

This is a developing story please check updates.

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