OECD Forecasts Slowing Economic Growth in US, Global Economies

The world economy is expected to expand just 2.9 percent this year, with U.S. growth halved and trade tensions threatening further damage, the OECD says.

PARIS, FRANCE - NOVEMBER 27: Guests arrive at the presentation of the candidacies for the 2020 World Expo, at the OECD headquarters on November 27, 2013 in Paris, France. Photo by Antoine Antoniol/Getty Images

The Organisation for Economic Co-operation and Development (OECD) warned in a new report that global economic growth is weakening, citing rising trade barriers and heightened policy uncertainty.

The OECD’s June 3 report slashes its forecast for 2025.