Resilient World Economy Set for Tariff Hit in 2026, OECD Says

The OECD has warned that the global economy is set to face a significant impact from the trade tariffs implemented by former US President Donald Trump, despite recent signs of greater resilience. According to the OECD's projections, the full effects of these tariffs will not be felt until 2026, when the organization expects a substantial hit to the world economy. The report highlights the resilience of the global economy, which has managed to withstand the initial shocks of the trade tensions better than anticipated. However, the OECD cautions that the long-term consequences of the tariffs will eventually catch up, leading to a significant disruption in the coming years. The organization's analysis underscores the ongoing challenges faced by the global economic landscape, as it navigates the aftermath of the Trump administration's trade policies. The report serves as a warning to policymakers and businesses to prepare for the potential impact of these measures in the years ahead.