The OECD has also reduced its growth reasons for the global economy due to the customs flices dehere by the US. This year it should increase by 3.1 percent and 3.0 percent in 2026, said on Monday. In December, 3.3% was expected from the organization for economic cooperation and development.
In 2024 it was enough of 3.2 percent. “The newest economic indicators indicate a weakening of global growth prospects,” emphasized the OECD. “Important changes have occurred in trade policy.” The OECD therefore does not see the world economy in a quiet fairway. “There are still significant risks,” she warned. “A further fragmentation of the world economy is an important problem.” A higher and broader increase in commercial barriers would influence growth worldwide and the inflation of heat.
Bad prospects for Canada and Mexico
For the world’s largest Economy USA, the growth ear spelling for this year was reduced from 2.4 to 2.2 percent, for 2026 from 2.1 to 1.6 percent. For Canada it was shortened from 2.0 to 0.7 percent during both years, while the Mexican economy should even shrink by 1.3 and 0.6 percent. The OECD referred to the trade conflict with the two neighboring countries, which was hired by US President Donald Trump.
“In all three economies, economic activity would be stronger and inflation was lower if the customs increase was lower or limited to a smaller reach of goods,” said the OECD. The economic prediction was not updated for the Austrian economy.
Trump has announced high rates for goods from the two neighboring countries that in turn Canada and Mexico reacted with against -tariffs on American goods. For the eurozone, the organization lowered its growth rousing for 2025 from 1.3 to 1.0 percent, for 2026 from 1.5 to 1.2 percent. Trump also raised rates for steel and aluminum from Europe last week. The EU has announced against -Tariffs before April.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
