OECD Lowers Global Growth Projections Over Tariffs, Uncertainty

New tariffs imposed by the United States, like on steel, are creating uncertainty in the global economy (Credit: AFP)

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025.

"We are navigating troubled waters," said the OECD's chief economist Alvaro Santos Pereira as he summed up the world's economic situation in the coming months, with inflation set to rise.