Tuesday, March 18, 2025

Creating liberating content

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday issued directives

Chinese electric vehicle maker BYD says its new cars can

Traders work on the floor of the New York Stock

United State Institute of Peace The US administration dismissed most

Related News

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday issued directives requiring all government departments to include Hindu calendar dates alongside regular dates in official notifications and ceremonial plaques, as per

Chinese electric vehicle maker BYD says its new cars can be charged in almost the same time it takes to refill a gas engine vehicle at the pump, giving the

Traders work on the floor of the New York Stock Exchange on March 17, 2025. NYSE Stocks edged lower Tuesday as a sell-off that has engulfed Wall Street in recent

United State Institute of Peace The US administration dismissed most members of the US Institute of Peace (USIP) board and installed a new leader at its Washington headquarters on Monday,

What to watch for in Trump-Putin talks What to watch for in Trump-Putin talks over Ukraine ceasefire deal 05:36 Washington—President Trump and Russian President Vladimir Putin are speaking by phone

Mahmoud Khalil’s wife Noor Abdalla came under ‘unhinged’ MAGA attack. As the White House is all set to deport Mahmoud Khalil, a Columbia University student whom the Donald Trump administration

Trending News

Gold prices surged by Rs 500, reaching a record high of Rs 91,250 per 10 grams in the national capital on Tuesday. This increase was driven by continued buying from

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life

OECD cuts U.S. and global economic outlooks as Trump’s trade tariffs weigh on growth

Word Count: 297 | Estimated Reading Time: 2 minutes


Undiscouraged by the rain, shoppers and visitors out on Oxford Street braving the bad weather from the latest storm using umbrellas on 28th January 2025 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the majority of which are fashion and high street clothing stores. (photo by Mike Kemp/In Pictures via Getty Images)

Mike Kemp | In Pictures | Getty Images

Both U.S. and global economic growth is set to be lower than previously projected, according to the latest estimates from the Organisation for Economic Co-operation and Development.

“Global GDP growth is projected to moderate from 3.2% in 2024, to 3.1% in 2025 and 3.0% in 2026, with higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending,” the OECD said Monday in its interim Economic Outlook report.

“Annual GDP growth in the United States is projected to slow from its strong recent pace, to be 2.2% in 2025 and 1.6% in 2026.”

In its previous projections, published in December, the OECD had estimated 3.3% global economic growth this year and next. The U.S. economy had been expected to grow 2.4% in 2025 and 2.1% in 2026.

The OECD said its latest projections were “based on an assumption that bilateral tariffs between Canada and the United States and between Mexico and the United States are raised by an additional 25 percentage points on almost all merchandise imports from April.”

If the tariff increases were lower, or applied to fewer goods, economic activity would be stronger and inflation would be lower than projected, “but global growth would still be weaker than previously expected,” the report noted.

This is a developing story, please check back for updates.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account