Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
PARIS, June 3 (Xinhua) — Global GDP growth is projected to slow to 2.9 percent this year and next from 3.3 percent in 2024, the Organization for Economic Cooperation and Development (OECD) said Tuesday.
In its latest economic outlook, the OECD revised down its global growth forecast, citing a technical assumption that current tariff rates as of mid-May will remain in place despite ongoing legal wrangling.
The organization warned that if current trends (rising trade barriers, tightening financial conditions, weakening business and consumer confidence and increasing political uncertainty) continue, they could significantly undermine global growth prospects. –0–