The accumulation of containers occurs at the Longtan Port Station in Nanjing, Jiangsu Province, China, on September 21, 2025. (Costfoto/Nurphoto via Getty Images)
Costfoto | Norfuto Gety pictures
The Organization for Economic Cooperation and Development upgraded the forecasts of global economic growth on Tuesday, as many economies seem more flexible so far this year.
The Economic Cooperation and Development Organization now expects a global growth of 3.2 % this year, compared to the expansion of 2.9 % that it expected in June. 2026 expectations have not changed by 2.9 %. This would represent a slowdown in the growth of 3.3 % in 2024.
The growth forecast for the United States was also raised to 1.8 % for 2025, compared to a estimate of 1.6 % in June. This still represents a significant decrease in 2024 growth by 2.8 %. The organization expects 1.5 % growth for the United States in 2026.
The organization said in a new report: “The global growth was more flexible than expected in the first half of 2025, especially in many emerging market economies,” the organization said in a new report.
“Industrial production and trade were supported by front loading before the high tariffs. The strong investment associated with the results of the results in the United States has strengthened, and financial support in China has surpassed the withdrawal from the opposite winds of trade and the weakness of the real estate market.”
The effect of customs tariffs is still coming
However, the Organization for Economic Cooperation and Development warned against the Organization for Economic Cooperation and Development that “significant risks to economic expectations”, as investment and trade are still being struck by high levels of uncertainty in politics and high definitions.
The comprehensive tasks entered the goods that enter the United States in August after months of changes in politics, temporary stops, and threats from US President Donald Trump.
Countries and regions around the world are now facing tariff rates of up to 50 % on their exports to the United States, with some still trying to negotiate work frameworks.
“The American bilateral tariff rates in almost all countries have increased since May. The actual tariff for the United States has increased to an estimated 19.5 % at the end of August, which is the highest rate since 1933,” said Economic Cooperation and Development.
He added: “It has not yet been done with the full effects of customs tariff increases – with many changes over time, and companies initially absorb some identification increases through margins – but they have become increasingly visible in spending options, labor markets and consumer prices.”
Labor markets show signs of softening as some countries see an increase in unemployment and less functionality openings, according to the report, while the inflation process has been settled.
The Organization for Economic Cooperation and Development now expects inflation for the title to 3.4 % in G20 countries in 2025, which is just less than 3.6 % drop in June. The US inflation expectations were more severely reviewed, with price expectations that the Organization for Economic Cooperation and Development is now 2.7 % in 2025, a decrease from the previous 3.2 % expectations.
Looking at the future, more customs tariffs have been developed, and the return of inflationary pressures in the organization’s report was placed as major risks, as well as increasing concerns about the financial situation and the possibility of re -focusing on financial markets.
“High and volatile encrypted asset assessments also raise the risk of financial stability given the increasing association with the traditional financial system. In the upward trend, cuts in commercial restrictions or fastest development and adoption of artificial intelligence technologies can grow.”
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