US Growth Forecasts Diminished by OECD Amid Tariff Concerns
The OECD has revised its projections for U.S. economic growth, downgrading expectations to a mere 1.6 percent for this year. Global growth estimates now sit at 2.9 percent. The downward revision stems from the challenges posed by tariffs, which have continued to weigh heavily on the economy. Investors should consider these insights when shaping their strategies, as the intertwined nature of tariffs and growth poses significant questions for the upcoming fiscal period.