Hold onto your wallets, folks—the global economy just got a reality check. The OECD dropped a major update Tuesday, cutting its 2025 growth forecast to 2.9% (down from 3.1%) amid rising trade tensions and tariff wars. Think of it like a slow-mo TikTok trend no one asked for. 📉
The U.S. is feeling the heat most, with growth projections nosediving from 2.2% to 1.6%. 💸 The Paris-based group warned that uncertainty and protectionist policies are putting the brakes on recovery, with businesses and investors stuck in “wait-and-see” mode.
Why should you care? Slower growth could mean tighter job markets, pricier imports, and fewer opportunities for startups. For globetrotters, it might also mean shifting travel budgets as currency values wobble. ✈️💼
While the OECD didn’t name specific countries, analysts say escalating tariffs between major economies—*cough* looking at you, trade wars—are the main villains here. The report urges policymakers to “dial down tensions” before the plot twist gets worse. 🚨
Reference(s):
cgtn.com