The media reported a decline in global economic growth in 2025 and 2026

The global economy is entering a period of weakest growth since the COVID-19 pandemic due to US President Donald Trump's trade war. This was reported on June 3 by the Financial Times newspaper with reference to the forecast of the Organization for Economic Cooperation and Development (OECD).

It is specified that in the next two years, in 2025 and 2026, the global economy will grow by 2.9%, in 2020 this figure has always exceeded 3%. The decline in economic growth will affect almost all countries.

According to the OECD, the growth rate of the US economy will decrease from 2.8% to 1.6% in 2025 and 1.5% in 2026. By the end of this year, inflation there will rise to almost 4%.

China's economic growth will also slow from 5% to 4.7% this year and 4.3% in 2026. The economy of the European Union (EU) will grow by only 1% in 2025 and by 1.2% by 2026.

It is noted that the decline in global economic growth will occur as a result of Donald Trump's imposition of trade duties on imports of goods from different countries. According to the OECD, against this background, global trade will increase by 2.8% in 2025 and 2.2% in 2026, which is significantly lower than their December forecasts.

Trade Warrior: How new US duties will affect the global economy

Donald Trump announced the introduction of fees for all products supplied to the United States.

On June 2, Trump said that the United States had no chance of "economic survival" without the ability to quickly impose retaliatory import duties. According to him, they can become "hostages" of other countries due to anti-American tariffs.