test resilience
OECD warns tariffs, AI will test resilience of the global economy
Global growth is holding up better than expected as an artificial intelligence (AI) investment boom helps offset some of the shock from United States tariff hikes, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based organisation, however, warned on Tuesday that global growth was vulnerable to any new outbreak of trade tensions, while investor optimism about AI could trigger a stock market correction if expectations are not met. It predicted a rebound to 3.1 percent in 2027. OECD head Mathias Cormann said the trade shocks triggered by US President Donald Trump's tariff hikes had so far proved relatively mild, but added their costs were likely to rise. "The full effects of those higher tariffs since the start of the year will become clearer as firms run down the inventories that they built up," he told a press conference.
- North America > United States (1.00)
- Asia > China (0.08)
- South America (0.05)
- (11 more...)
- Government > Regional Government > North America Government > United States Government (1.00)
- Banking & Finance > Economy (1.00)
- Government > Foreign Policy (0.94)