Trump trade wars are slowing global growth and fueling inflation, says OECD

[C_Clayton_Jones]

“Donald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has said.

In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico.

The OECD cut its forecast for UK growth by 0.3 percentage points this year to 1.4%, and by 0.1 percentage points for 2026 to 1.2%, underscoring the challenge for the chancellor, Rachel Reeves, before next week’s spring

The body representing the world’s richest economies said recent higher levels of economic growth and progress to bring down inflation was being undermined by the fallout from higher trade barriers and mounting geopolitical uncertainty.

Cutting its global growth forecast for this year from 3.3% to 3.1%, it said that significant risks still remained. The global economy grew by 3.2% in 2024.”

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

www.theguardian.com

His campaign repeatedly promised to raise prices, not enough people understood that apparently.

 

[SassyIrishLass]

Trump never campaigned on raising prices, you deluded moonbat

 

[kyzr]

Its going to be a very long and painful 4-years for democrats, the party no one likes.

 

[TroglocratsRdumb]

if the grifters are complaining
we must be over the target

 

[1srelluc]

So, under the dems the US was the world's chump and now that Trump (and the American people) said No Mas and are flexing, the world is all discombobulated.

I love it! Fuck 'em and feed them USAID beans.

 

[Kruska]

“Donald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has said.........................

That is exactly what was stated and had HAPPENED during his first stint.

 

[Darkwind]

“Donald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has said.

In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico.

The OECD cut its forecast for UK growth by 0.3 percentage points this year to 1.4%, and by 0.1 percentage points for 2026 to 1.2%, underscoring the challenge for the chancellor, Rachel Reeves, before next week’s spring

The body representing the world’s richest economies said recent higher levels of economic growth and progress to bring down inflation was being undermined by the fallout from higher trade barriers and mounting geopolitical uncertainty.

Cutting its global growth forecast for this year from 3.3% to 3.1%, it said that significant risks still remained. The global economy grew by 3.2% in 2024.”

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

www.theguardian.com

His campaign repeatedly promised to raise prices, not enough people understood that apparently.

Who cares what they say?

 

[SmokeALib]

“Donald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has said.

In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico.

The OECD cut its forecast for UK growth by 0.3 percentage points this year to 1.4%, and by 0.1 percentage points for 2026 to 1.2%, underscoring the challenge for the chancellor, Rachel Reeves, before next week’s spring

The body representing the world’s richest economies said recent higher levels of economic growth and progress to bring down inflation was being undermined by the fallout from higher trade barriers and mounting geopolitical uncertainty.

Cutting its global growth forecast for this year from 3.3% to 3.1%, it said that significant risks still remained. The global economy grew by 3.2% in 2024.”

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

www.theguardian.com

His campaign repeatedly promised to raise prices, not enough people understood that apparently.

Oh, dear.