A recent analysis by the Organisation for Economic Cooperation and Development (OECD) reveals a more pronounced decline in global economic expansion than initially projected. The ongoing trade disputes, notably those involving the United States, are increasingly affecting economic stability worldwide. As tensions escalate, the OECD has underscored the importance of agreements that reduce barriers to trade as a means to stimulate investment and control price surges.

Predictions suggest that global economic output will experience a slowdown, with an anticipated growth rate of 2.9% in the years 2025 and 2026. This marks a notable shift from previous years since 2020, where growth consistently exceeded 3%, despite the challenges posed by the pandemic. The United States, in particular, is forecasted to witness a sharp deceleration in its economic momentum, dropping from 2.8% in 2024 to 1.6% in 2025, and further to 1.5% the following year. The Federal Reserve's stance on maintaining interest rates due to persistent inflation pressures adds another layer of complexity to the situation.

In light of these findings, Álvaro Pereira, chief economist at the OECD, emphasized the necessity for international cooperation to mitigate the adverse effects of trade restrictions. He stressed that failing to reach agreements could result in severe repercussions across the globe. The revised forecasts not only reflect diminished expectations for numerous nations but also highlight the interconnected nature of the global economy. It serves as a reminder that collaborative efforts are essential for fostering resilience and ensuring sustainable progress amidst challenging times. Through unity and strategic collaboration, nations can pave the way for a brighter economic future.