Due to the influence of the Trump administration Tariffs and uncertainties The Organization for Economic Cooperation and Development, or the OECD, said Tuesday, around its economic policy.
According to OECD, GDP growth is expected to fall to 1.6% in 2025 and 1.5% next year, with data from international organizations with 38 member states down sharply, a decrease of 2.8% last year's growth compared to last year's 2.8%.
Although the OECD U.S. forecast does not mention President Trump’s name, the report sees new tariffs as one of the main reasons for the slowdown. this Trump administration's policiesThe organization said new import tariffs for almost every foreign country rose to 15.4% from 2% last year, the highest interest rate since 1938.
Since tariffs are paid by U.S. importers such as Walmart, these costs are mainly passed to consumers at higher costs - prompting the OECD to predict that U.S. inflation will "spick in mid-2025" and reach 3.9% by the end of 2025.
Consumer Price Index Rose April 2.3%, as tariffs have largely not affected prices.
"We have seen a significant increase in trade barriers and trade barriers to economic and trade policy uncertainty, as well as economic and trade policy uncertainty. This sharp rise in uncertainty negatively affects business and consumer confidence and puts it in trade and investment."
The report added that the risks faced by the U.S. “are biased toward an adverse side, including a larger slowdown in economic activity in the face of policy uncertainty, expectations of higher pressures over tariffs and corrections to large financial markets.”
According to the OECD forecast, world economic growth is also expected to slow to 2.9% this year and stay there. This will be a 3.3% increase in global growth last year and a 3.4% slowdown in 2023.