The global economy is hitting the brakes: the OECD just slashed its 2025 growth forecast to 2.9%. That’s a drop from the earlier prediction of 3.1%. What’s causing this slowdown? Trade tensions and uncertainty are making businesses nervous, especially in the United States.
Trade disputes between major economies are leading companies to pause investments and hiring. This can have ripple effects worldwide, including in the Global South, where many young people are entering the job market.
The OECD now expects the U.S. economy to grow by only 1.6% in 2025, down from the previous forecast of 2.2%. This slowdown could impact global trade and economic opportunities for everyone.
Experts say that resolving trade conflicts and promoting cooperation could help get the global economy back on track. For young people around the world, this could mean better job prospects and a brighter economic future.
The message is clear: it’s time for global leaders to work together to tackle these challenges and boost growth.
