The OECD has raised its global growth forecast for 2025, now predicting GDP to expand by 3.2 percent, up by 0.3 percentage points from its June estimate. According to the OECD Economic Outlook interim report released on Tuesday, the economy "proved more resilient than anticipated” in the first half of 2025. Key drivers of this stronger-than-anticipated performance include front-loading of goods production and trade ahead of the introduction of higher U.S. tariff rates, strong investment in high-tech sectors and increased government spending in China. However, global GDP growth is still expected to moderate to 2.9 percent in 2026, as the full impact of higher tariffs takes effect.

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