Its latest forecasts largely coincide with its last review, in September, in which it expected 3.2% growth this year and next and did not yet have a forecast for 2026.
After global trade suffered last year, it is rebounding and volume growth will reach 3.6% next year, despite the growing number of measures to restrict the flow of imports, according to the OECD.
“Increased trade tensions and new protectionist measures could disrupt supply chains, increase consumer prices and negatively affect growth,” the OECD said.
The outlook for global trade has darkened since US President-elect Donald Trump intensified negotiations. tariff hike warnings to several of its main commercial partners.
As a cooling labor market causes consumer spending to slow, the OECD expects U.S. growth to slow from 2.8% this year to 2.4% in 2025 and 2.1% in 2026.
