The Organization for Economic Cooperation and Development (OECD) released its latest economic outlook report on June 3, predicting that the global economic growth rate will be 2.9% in 2025 and 2026, respectively, down 0.2 and 0.1 percentage points from the forecast in March this year.

The report said that the latest forecast is based on the technical assumption that the tariff level will be maintained as of mid-May this year. Economies such as the United States, Canada and Mexico have slowed down significantly. In 2025 and 2026, the US economy is expected to grow by 1.6% and 1.5%, respectively, down 0.6 and 0.1 percentage points from the forecast in March this year; the eurozone economy is expected to grow by 1.0% and 1.2%, the same as the forecast in March.

The OECD released its medium-term economic outlook report in March this year, when it expected the global economy to grow by 3.1% and 3.0% in 2025 and 2026, down 0.2 and 0.3 percentage points from the forecast in December 2024.