The OECD said ‘front-loading’ — companies rushing to import goods ahead of Trump’s tariffs — ‘was an important source of support’ for the world economy (JOEL SAGET)
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump’s tariffs, but their full impact remains uncertain, the OECD said Tuesday.
In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump’s tariffs would stifle the world economy.
But in an updated outlook on Tuesday, it raised the projection to 3.2 percent, saying the economy “proved more resilient than anticipated” in the first half of 2025.
The OECD said “front-loading” — companies rushing to import goods ahead of Trump’s tariffs — “was an important source of support”.
The economy also got a boost from strong…
