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Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says
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FILE - Ship containers are stacked at the Panama Canal Balboa port, operated by the Panama Ports Company, in Panama City, Sept. 20, 2025. - photo by AP Photo/Matias Delacroix, File
WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick from 3.3% in 2024 but an improvement on the 2.9% it had predicted for 2025 back in June. The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9% next year.