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International Business Times
International Business Times
World

OECD Ups World Economic Outlook As Tariffs Contained, For Now

OECD Donald Trump Economy United States China The United States
The OECD said 'front-loading' -- companies rushing to import goods ahead of Trump's tariffs -- 'was an important source of support' for the world economy (Credit: AFP)

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 the world economy.

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