OECD Cuts US, Global Economic Outlooks on ‘Higher Trade Barriers’ | Global News Avenue

this Organization for Economic Cooperation and Development (OECD) The perception of the U.S. and global economy this year and the next, citing “higher trade barriers” put pressure on growth.

OECD says the United States’ annual reality GDP The growth rate is expected to “reduce from the recent recent pace to 2.2% this year, compared with a 1.6% growth rate in 2026.

The Paris-based organization also lowered its forecast for global GDP growth in 2025 from 3.3% and 3.0% in 2026, from 3.3% to 3.3%. Last year, global GDP grew by 3.2%.

The OECD said the eurozone’s real GDP growth is expected to be 1.0% this year, with growth “decreasing as uncertainty increases” in 2026. The organization predicts that China’s growth will drop to 4.4% from 4.8% in 2025.

“Higher trade barriers”, uncertain trade-offs

“In several community economies, higher trade barriers and increased policy uncertainty () are weighing investment and household spending,” the OECD said.

US President Donald Trump Frequent tariff announcements have Rotten market And intensified US consumers’ concerns about higher prices. Canada and EU (EU) There are also fight back Last week, the U.S. tariffs on all steel and aluminum imports took effect last week as retaliatory countermeasures took effect.