OECD: World economy expected to grow 3.2% this year

"The global economy was more resilient than expected in the first half of 2025, but downside risks remain significant as higher trade barriers and geopolitical and political uncertainty continue to weigh on activity in many economies." This is one of the key conclusions of the Economic Outlook, released this Tuesday by the Organization for Economic Cooperation and Development (OECD).

According to the data presented, global growth is projected to slow from 3.3% in 2024 to 3.2% this year and 2.9% in 2026.

GDP growth in the United States is expected to fall to 1.8% in 2025 and 1.5% in 2026. In the eurozone, growth is expected to be 1.2% in 2025 and 1.0% in 2026. China's growth is expected to fall to 4.9% in 2025 and 4.4% in 2026.

Inflation is expected to fall in most G20 economies as economic growth moderates and labor market pressures ease. Headline inflation is expected to fall from 3.4% in 2025 to 2.9% in 2026, with core inflation in the G20 advanced economies remaining broadly stable at 2.6% in 2025 and 2.5% in 2026.

The numbers are positive, but there are warnings. "The global economy remained resilient, but the full effects of tariff increases and political uncertainty have not yet been felt. Global economic growth is expected to slow, and significant risks remain, including concerns about fiscal sustainability and financial stability," said OECD Secretary-General Mathias Cormann.

He added: "To strengthen economic growth prospects, a key priority is to secure a lasting resolution to trade tensions. We recommend that governments engage productively with each other to make international trade agreements fairer and more functional, preserving the economic benefits of open markets and rules-based global trade."