OECD downgrades global outlook amid trade war

The OECD now forecasts global economic growth will slow to 2.9 percent this year, down from 3.3 percent in 2024. Credit: AP

Global economic growth is slowing more than expected just a few months ago as the fallout from the Trump administration's trade war takes a deeper toll on the U.S. economy, the Organization for Economic Cooperation and Development (OECD) said, downgrading its outlook.