Archive · 3 Jun 2025
US Economic Growth to Slow Due to Trade Policies
The US economy is expected to slow down, according to a report by the OECD.
This is because of trade policies, which are causing uncertainty for businesses and consumers.
Globally, the economy is also slowing down.
This is a shift from the recent years of steady growth, and could affect many countries.
China's economy is also expected to slow down.
Meanwhile, the Eurozone's economy is expected to grow slightly faster.
The OECD forecasts a slowdown in US economic growth to 1.6% this year.
This slowdown is attributed to disruptions from trade policies.
The OECD predicts global economic growth will decelerate to 2.9% this year.
US tariff rates have risen significantly under the current administration.
China's economic growth is expected to decelerate due to trade impacts and internal challenges.
- Who
- The OECD, a group of 38 member countries.
- What
- The OECD predicts a slowdown in US and global economic growth.
- When
- The OECD released the forecast recently.
- Where
- The US and globally.
- Why
- Due to trade policies and resulting economic uncertainty.
- US Economic Growth (2024)
- 1.6%
- US Economic Growth (2023)
- 2.8%
- US Tariff Rate Increase
- 2.5% to 15.4%
- Global Economic Growth (2024)
- 2.9%
- China Growth (2023)
- 5%
- Eurozone Growth (2023)
- 0.8%
