AssetID: 54821574
Headline: UNCAPTIONED: Trump's Tariffs Expected to Slow Global Growth, OECD Warns
Caption: Trump’s Tariffs Expected to Slow Global Growth, OECD Warns. Global economic growth is forecast to slow to 2.9% this year, down from 3.1%, largely due to the tariffs, imposed by US President Donald Trump, according to the Organization for Economic Co-operation and Development (OECD). The OECD blamed a significant rise in trade barriers for the downgrade and warned that weaker economic prospects would affect nearly every country. Since Trump returned to office, tariffs have been levied on numerous nations, creating uncertainty with his unpredictable approach. The OECD also lowered its US growth forecast for 2023 from 2.2% to 1.6%, citing rising inflation and slower job creation. Despite this, Trump has insisted that tariffs are boosting the US economy, although official data shows a contraction of 0.2% in the first quarter of the year. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Trump,tariffs,global,growth,slowdown,OECD,economy,trade,barriers,inflation,job,creation,uncertainty,forecast,contraction,US,2023,international,impact,protectionism
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