OECD cuts 2025 global growth forecast to 3.1%

Global economic growth is expected to moderate this year from last year's 3.2% to 3.1% in 2025 and dip further to 3.0% in 2026, according to the latest Economic Outlook released by the Organization for Economic Co-operation and Development (OECD) on March 17.

Higher trade barriers in several G20 economies and increased policy uncertainty weighing on investment and household spending prompted the OECD to lower its projection of 3.3% growth for both 2025 and 2026 which the organization had forecast only last December, Mysteel Global notes. In quarterly terms, economic growth is expected