Global Economic Forecasts Slashed As Tariffs Fuel Trade Uncertainty
The OECD has significantly slashed its global economic growth forecast to 2.9 percent this year, a drop from 3.3 percent in 2024. Chief Economist Alvaro Santos Pereira attributes this change to escalating trade and economic policy uncertainty. Investors must navigate these changing conditions, which could influence global markets. Maintaining an informed perspective on these trends will aid in making sound investment choices. Understanding the ripple effects of trade policy on economic performance is essential for success in the current landscape.