Trump tariffs blamed for slowing growth

U.S. President Donald Trump’s escalating trade wars will hit
world growth, the OECD has predicted in its latest forecast


YEAR-ON-YEAR GDP GROWTH PROJECTIONS FOR 2025 (%)

Dec 2024 forecast 	Mar 2025 forecast

World		3.3
		3.1
United States	2.4
		2.2
UK		1.7
		1.4
Japan		1.5	
		1.1
Euro area	1.3
		1.0
France		0.9
		0.8
Canada		2.0
		0.7
Italy		0.9
		0.7
Germany		0.7
		0.4
Mexico		1.2
		-1.3


Biggest changes felt
in U.S. neighbours as
Trump has imposed
the harshest tariffs
on them – 25% levies
on most Canadian and
Mexican goods


Sources: BBC, OECD Economic Outlook Mar 2025 
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