US economic growth forecast cut sharply due to higher tariffs
The outlook for economic growth in the U.S. was slashed due to higher tariffs in a new report released by the Organisation for Economic Co-operation and Development (OECD) on Tuesday.The OECD's forecast cut U.S. economic growth to 1.6% in 2025 and 1.5% in 2026, well below the 2.8% growth in gross domestic product (GDP) that was recorded last year. The group attributed the slower growth forecast to the "substantial increase in the […]