US Economy Outperforms on Back of Tech Investment Boom, OECD Says

The OECD said the United States is outperforming other advanced economies largely because of exceptionally strong investment in ICT and AI.

A construction crew works on a CloudHQ data center, in Ashburn, Virginia, on July 17, 2024. Nathan Howard/Getty Images

The U.S. economy is outperforming earlier expectations this year as surging tech sector investment and a rush of pre-tariff imports bolstered activity, helping offset the drag from cooling job growth and moderating household spending, the Organization for Economic Cooperation and Development (OECD) said on Dec. 2 as it raised its U.S. growth forecast.

In its latest Economic Outlook report issued on Tuesday, the 38-country group said it now expects the U.S. economy to grow 2 percent in 2025, up from the 1.6 percent it projected in June.