Tuesday, Mar 18 2025 | Time 04:49 Hrs(IST)
Business EconomyPosted at: Mar 17 2025 6:21PM


Global GDP growth projected to slow down to 3.1 pc in 2025, 3 pc in 2026

Paris, Mar 17 (UNI) Global GDP growth is projected to moderate from 3.2 percent in 2024 to 3.1 percent in 2025 and 3.0 percent in 2026, the Organization for Economic Cooperation and Development (OECD) said on Monday in its latest Economic Outlook.
According to the OECD, the downward adjustment from its previous forecast is due to "higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending."
"Higher and broader increases in trade barriers would hit growth around the world and add to inflation," the OECD warned.
In its previous Economic Outlook published in December 2024, the OECD projected that global GDP growth would be 3.3 percent in 2025 and 2026.
The GDP growth in the United States is projected to slow as tariff rate increases take effect. According to the organization, U.S. GDP growth is projected to slow to 2.2 percent in 2025 and 1.6 percent in 2026.
The OECD also warned that the imposition of new bilateral tariff rates and the associated increase in policy and geopolitical uncertainty will act as a drag, particularly on business investment and trade.
"In addition, increased trade costs are expected to feed through gradually to final goods prices, putting additional upward pressure on inflation in many countries," it stressed.
The OECD noted that core inflation in over half of the advanced G20 economies, including the United States, is expected to remain above central bank targets in 2025 and 2026.
UNI XINHUA GNK
Tags: #Global GDP growth projected to slow down to 3.1 pc in 2025# 3 pc in 2026
More News

Total exports from India rise 6 24 pc to USD 750 53 billion

17 Mar 2025 | 10:42 PM

New Delhi, March 17 (UNI) India's cumulative exports (merchandise and services) during the April-February period of 2024-25 grew 6.24% year-on-year to USD 750.53 billion as compared to USD 706.43 billion in the corresponding period of the previous financial year, as per official data released on Monday.

see more..

Meghalaya to host 7th Act East Business show from March 25

17 Mar 2025 | 10:16 PM

Shillong, Mar 17 (UNI) Meghalaya is set to host the 7th Act East Business Show to foster stronger economic and trade relations between Bangladesh, Bhutan, India, Nepal (BBIN), and Association of Southeast Asian Nations (ASEAN).

see more..

Chai Kings secures USD 3 mn Series-A Funding from AVT

17 Mar 2025 | 8:56 PM

Chennai, Mar 17 (UNI) Chai Kings, Tamil Nadu’s leading chai retail chain, has successfully raised USD three million (Rs 24 crore) in its Series-A funding round from A.V.Thomas and Co.(AVT), one
of India’s largest packaged tea players.

see more..

Indian Forging body hosts spl session on current Industry scenario

17 Mar 2025 | 8:51 PM

Chennai, Mar 17 (UNI) The Association of Indian Forging Industry (AIFI) hosted an insightful and interactive session titled "Current Industry Scenario, Innovative Technology and Upskilling" in the
city on Monday.

see more..

Tata Motors announces price hike for commercial vehicles from April 2025

17 Mar 2025 | 8:43 PM

Hyderabad, Mar 17 (UNI) Tata Motors Limited, India’s largest commercial vehicle manufacturer and part of the USD 165 billion Tata group, on Monday announced a price increase of up to 2 per cent, across its commercial vehicle range.

see more..