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OECD Warns of Rising Inflation and Slowing Growth Amid Tariff Impacts
OECD Warns of Rising Inflation and Slowing Growth Amid Tariff Impacts
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BTCCSquare news:
The Organization for Economic Cooperation and Development (OECD) has flagged rising inflation and slowing GDP growth as potential consequences of the TRUMP administration's tariffs and policy uncertainty. U.S. tariff rates hit 19.5% in August—the highest since 1933—with inflationary pressures expected to average 3% by 2026.
Economic growth is projected to decelerate sharply from 2.4% in 2024 to 1.8% in 2025, then 1.5% in 2026. A weakening labor market, attributed to reduced immigration and government workforce contraction, compounds the outlook. The Federal Reserve anticipates further rate cuts in response.
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