Without imposing the rain, buyers and visitors to Oxford Street, who took advantage of the bad weather of the last storm with umbrella on January 28, 2025 in London, the United Kingdom. Oxford Street is an important retail center in the western end of the capital and is more busy European European visitors with about half a million daily visitors to their approximately 300 stores, most of the fashion and street clothing stores. (Photo of Mike Kemp/in pictures through Getty Images)
Mike Kemp | In pictures | Pictures of getty
Both American and world economic growth is expected to be less than previously projected, as President Donald Trump’s proposed rates on imported goods in the United States weighing in growth, according to the latest estimates of the Organization for Economic Cooperation and Development.
« The overall growth of GDP is expected to be moderated by 3.2% by 2024, 3.1% by 2025 and 3.0% by 2026, with the highest commercial barriers in various G20 economies and increased the geopolitical and political uncertainty that weighed the investment and spending of homes, » said the OECD on Monday in its temporary economic report.
« The annual GDP growth in the United States is expected to be reduced from its strong recent rhythm, to 2.2% by 2025 and 1.6% by 2026 ».
In its previous projections, published in December, the OECD had estimated 3.3% of the world economic growth this year and next. It was expected that the US economy would grow by 2.4% by 2025 and 2.1% by 2026.
The OECD said that its latest projections were based on an assumption that the bilateral rates between Canada and the United States and between Mexico and the United States are collected by additional 25 points percentage to almost all imports of goods from April. «
If the fare increases were lower or applied to less assets, economic activity would be stronger and inflation would be lower than projected, « but global growth would still be weaker than expected, » said the report.
Canada and Mexico, both at the receiving the end of the rates imposed by the USHe saw that his growth perspectives were dramatically reduced. The Canadian economy is now expected to grow by 0.7%this year, below the previous estimate of 2%, and it is expected that Mexico will be reduced by 1.3%, compared to an estimated expansion above to 1.2%.
The OECD also updated its inflation forecast, saying that the growth of prices was higher than expected, but that it would be due to moderate economic growth.
U.S. titular inflation is now expected to reach 2.8% in 2025 according to the latest figures, until the estimation of 2.1% in December, while the projection of the G20 economies has increased from 3.5% in December to 3.8% in the Monday report.
« Basic inflation is expected to remain above the Central Bank’s goals in many countries in 2026, including the United States, » added the OECD.
Commercial political tensions
The OECD linked much of its updating to economic growth and the estimates of inflation to geopolitical and commercial tensions: problems that have dominated the markets in recent weeks and months.
« A series of commercial policy measures will recently have implications for economic prospects if maintained, » said the OECD, noting the rates imposed or threatened by Trump and possible retaliation duties imposed by their commercial partners.
Trump’s fare policies have been marked by uncertainty in recent weeks, as negotiations and threats continue. The President has fallen when imposed rates, which goods will be applied to what extent they will be, although he insisted last week Did not « bend at all. »
« If the actions of the announced commercial policy persist, as assumed in the projections, the new bilateral rates rates will raise their income for the governments that impose them, but will mean a dragging of the global activity, the income and the regular tax revenue.They also add the commercial costs, increasing the price of the final products imported by the consumers and the intermediate inputs, » The OCD.
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