Tariffs threaten global growth: OECD

The OECD has warned that the global economy is poised for its weakest growth since the pandemic, primarily because of escalating trade tensions stemming from the United States tariff policies.

In its latest outlook released on Tuesday, the organization anticipates a slowdown in global growth to 2.9 percent for both 2025 and 2026, dropping below 3 percent for the first time since the 2020 pandemic slump.

The figures represent a significant downward revision from March when the OECD had projected more optimistic rates of 3.1 percent for this year and 3.0 percent for next. This comes after relatively stronger growth of 3.3 percent recorded last year.