OECD cuts global growth forecast to 2.9% in 2025 and 2026 amid escalating trade war
Tuesday, 3 June 2025 () The OECD has downgraded its global economic growth predictions due to the escalating trade war spurred by US tariffs. The revised forecast indicates a slowdown to 2.9% for both 2025 and 2026, impacting the US significantly with reduced growth projections and rising inflation. The organization urges countries to seek agreements to avoid further trade fragmentation.
The U.S.-China tariff conflict continues to escalate as China denies any plans for a phone call between President Xi Jinping and President Trump, contradicting White House claims. With trade tensions rising after Trump’s global tariffs and accusations of China violating agreements, both nations...
Xi Mingze, Chinese President Xi Jinping’s only daughter, is back in headlines amid US-China tensions. The Harvard-educated Xi reportedly resides in Massachusetts under tight security. Her speculated..
A shocking U.S. court submission reveals the Trump administration claimed to broker a 2025 ceasefire between India and Pakistan using trade deals. Commerce Secretary Howard Lutnick stated access to..
King Charles has returned to Canada amid rising tensions between Prime Minister Mark Carney and U.S. President Donald Trump, who recently renewed calls to annex Canada as the 51st state. Charles was..
US equity markets showed mixed performance amid global economic concerns and anticipation of interest rate and inflation cues. The Dow and S&P 500 dipped... IndiaTimes
Tuesday, 3 June 2025 ()
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