Global economic growth is expected to slow down this year, but not by as much as first thought. The Organization for Economic Cooperation and Development has updated its global growth forecast tto 3.2% for 2025, while keeping next year’s steady at 2.9%.
00:00The Organization for Economic Cooperation and Development, or OECD, has rated its global economic growth forecast to 3.2% this year, while keeping next year steady at 2.9%.
00:13The 2025 forecast is 0.3 percentage points, up from its previous report, as the impact of U.S. tariff gradually filters through global markets.
00:23The full effects of these tariffs will become clearer as firms run down the inventories that build up in response to tariff announcements and as the higher tariff rights continue to be implemented.
00:37The U.S. in April unleashed sweeping tariffs on goods from countries around the world, and while the impact is still unfolding, the U.S. is grappling to maintain stability.
00:48The Fed announced a rate cut earlier in September, and is warning of rising unemployment risks.
00:54Recent data show that the pace of economic growth has moderated.
00:58The unemployment rate is low but has edged up, job gains have slowed, and the downside risks to employment have risen.
01:06At the same time, inflation has risen recently and remains somewhat elevated.
01:10In Taiwan, strong investments in AI continue to drive the economy.
01:15Export orders in August jumped nearly 20%, marking the seventh month in a row of growth, partly because companies rushed to ship goods before tariffs hit.
01:25Taiwan's exports could face pressure this year as U.S. President Donald Trump moves ahead with the 20% tariff, but some analysts say current investment means overall growth won't be hit too hard.
01:37As Taiwan continues to negotiate its final tariff rate with the U.S., it's not just Taipei, but capitals around the world watching closely to see how tariffs reshape the global economy.
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