Paris The OECD (Organization for Economic Cooperation and Development) has released a new report forecasting a notable slowdown in U.S. economic growth. The organization cites tariffs and related uncertainties as key drivers behind the expected deceleration. The report indicates that the U.S. economy is likely to experience a marked decrease in its growth rate this year and the following year compared to previous projections.
The OECD points to the ongoing trade disputes and the implementation of tariffs on various goods as significant factors impacting business investment and consumer spending. Uncertainty surrounding future trade policies is also contributing to a cautious approach among businesses, leading to a slowdown in expansion plans and hiring.
While the report acknowledges some positive aspects of the U.S. economy, such as relatively low unemployment, it emphasizes that the negative effects of tariffs are outweighing these benefits. The OECD recommends that policymakers carefully consider the potential consequences of trade policies and strive for greater stability in the global trade environment to support sustainable economic growth.
OECD Predicts U.S. Economic Slowdown Due to Tariffs
The Organization for Economic Cooperation and Development (OECD) projects a significant slowdown in U.S. economic growth for the current year and the next. This forecast is largely attributed to the impact of tariffs and ongoing economic uncertainties. The OECD suggests that these factors are creating headwinds for the American economy. The report highlights the need for careful economic management in the face of global trade tensions.
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