The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump’s tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump’s tariffs would stifle…
Britain’s economy exceeded expectations in the second quarter, but growth slowed from the first three months of 2025 on US tariffs and a higher UK business tax, official data showed Thursday. Gross domestic product stood at 0.3 percent in the April-June period, the Office for National Statistics (ONS) said in a statement — beating analyst…
Federal Reserve Chairman Jerome Powell probably spoke for a lot of people on Wall Street when he explained to reporters how challenging it was to put together the central bank’s new growth and inflation projections. “Right now it’s just a forecast in a very foggy time,” Powell said after he and his colleagues trimmed their…
The Japanese economy took a hit for the first time in a year, weighed down by fragile domestic demand and trade tensions with the US. Preliminary government data released on Friday showed that the gross domestic product (GDP) fell at an annualised rate of 0.7% in the January-March quarter, significantly worse than the market’s forecast…