Global and darker growth forecasts, according to the OECD – Liberation

The global economy no longer knows which Donald Trump sauce will eat it. The president of the world’s leading economic power brings his share of – bad – surprises every day. Latest: the announcement made Friday to double the American customs duties on steel imports and aluminum, which would drop from 25 % to 50 % from June 4. What give migraines to economic forecasters.

This Tuesday, June 3, the Organization for Economic Cooperation and Development (OECD) published a report in which it revives its forecasts for gross domestic product (GDP). These continue to deteriorate. “Global growth will receive 3.3 % in 2024 at a modest rate of 2.9 % in 2025 and 2026notes Alvaro Pereira, OECD economist chief. This degradation of economic perspectives will be felt around the world, almost without exception. The slowdown in economic expansion and the decrease in exchanges will harm income and slow down employment growth. ” By trying to draw up an first addition, the OECD estimates that the new customs duties set up by the United States until mid-May have increased the effective rate of these rights to their imports of merchandis to 15.4 %