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flag OECD cuts UK and global growth forecasts due to rising trade tensions.

flag The OECD has downgraded its economic growth forecasts for the UK and globally due to escalating trade tensions led by US President Donald Trump. flag For the UK, growth is now predicted at 1.4% in 2025 and 1.2% in 2026, lower than previous estimates. flag The global growth is expected to slow down to 3.1% in 2025 and 3% in 2026. flag The OECD warns of potential impacts on living standards and urges international collaboration to avoid further trade barriers.

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