The OECD has slashed its growth forecast for the U.S. economy, citing tariff-related uncertainty and higher inflation. This follows a global trend of slowing growth, impacting various sectors and potentially leading to higher borrowing costs.
- OECD projected U.S. growth of 1.6% in 2025, significantly lower than previous forecasts.
- U.S. inflation could reach close to 4% this year.
- Chinese manufacturing activity shows a steep drop in new orders.
Shownotes Transcript