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| | | | |  | | | | | | | | Global growth to remain subdued | | | | As we head into summer, several major international organisations have revised expectations downwards in their updated global growth forecasts. | | | The OECD is the latest to publish its revised Global Economic Outlook, following the World Bank and, a few weeks earlier, the International Monetary Fund. The organisation expects global growth to slip below 3% in both 2025 and in 2026, blaming the combined effect of trade barriers and weaker business and consumer confidence. According to the OECD’s projections, growth in the United States is expected to slow sharply, from a pace of 2.8% in 2024 to only 1.6% in 2025 and lower still to 1.5% in 2026.
Although the US economy contracted in the first quarter, largely due to surging imports of goods as companies rushed to get ahead of new trade tariffs, the latest data for the second quarter show greater momentum, particularly in private consumption. | | | | | | | | | | | | | | | | | | | | | | READ ALL OUR LATEST NEWS Visit our website for all our latest news on the economy, tax and what matters for your wealth. | | | | | | | | | | | | | | | | | www.banquedeluxembourg.com | | | | | | |
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