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OECD Reports Global Economic Slowdown Amid Rising U.S. Tariffs
The OECD forecasts a 2.9% slowdown in global economic growth, attributing U.S. tariffs and trade wars as key factors affecting the economy.
CBS NewsOECD forecasts a sharp economic slowdown and higher inflation in the U.S., citing tariffs
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Boston HeraldUS growth likely to slow to 1.6% this year, hobbled by Trump’s trade wars, OECD says
CNNTrump’s tariff fallout? It’s worse than we previously thought, says OECD | Business
BBC NewsDonald Trump's tariffs will hurt global growth, OECD warns
Overview
A summary of the key points of this story verified across multiple sources.
1.
OECD predicts global economic growth will slow to 2.9% in 2023, down from previous years.
2.
U.S. economic growth is expected to decrease to 1.6% this year due to trade wars.
3.
Average U.S. tariff rates have reached 15.4%, the highest since 1938.
4.
New import duties under Trump's policies affect nearly all foreign nations.
5.
OECD warns that tariffs create global economic uncertainty and may lead to retaliation from other countries.
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