OECD Says World Economy Might Slow Down Because of Tariffs
Hey there! 🌍 Do you know what happens when countries trade things like toys, clothes, and gadgets? They usually want to be fair and friendly. But sometimes, countries start putting extra taxes called "tariffs" on things they buy from each other. 😕
The OECD (that’s a big group of countries that work together on economic stuff) just said that the world economy might not grow as fast as we thought. They now think the world economy will grow by 2.9% in 2025, which is a bit less than the 3.1% they predicted before.
Why is that? Well, it’s mostly because of trade tensions and those tariffs we talked about. When countries have disagreements and put tariffs on each other, it can make it harder for businesses to sell their products. This can slow down the economy.
This slowdown might affect many countries, but the United States could feel it a lot. The OECD says the U.S. economy might grow by only 1.6% instead of 2.2%. That’s like hoping to get 22 candies but only getting 16! 🍬
It’s important for countries to work together and solve their problems, so everyone can trade happily and the world economy can keep growing. 🤝
Reference(s):
cgtn.com
