The U.S. 2026 economic growth forecast plunges to just 1.6%

[Cypress]

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook​

The Organisation for Economic Co-operation and Development on Tuesday downgraded its growth forecasts for both the U.S. and global economy.

The U.S. growth outlook was revised to just 1.6% this year and 1.5% in 2026.

Tariffs and policy uncertainty were among the key factors cited by the OECD to explain the reductions.

“The global outlook is becoming increasingly challenging,” the report said. “Substantial increases in barriers to trade, tighter financial conditions, weaker business and consumer confidence and heightened policy uncertainty will all have marked adverse effects on growth prospects if they persist.”

https://www.cnbc.com/2025/06/03/us-growth-forecast-cut-further-by-oecd-as-trump-tariffs-sour-outlook.html

 

[Cypress]

The money quote in the article is "if they persist".

Trump has backed off and chickened out so many times on tariffs, it is definitely conceivable to dodge a bullet.

 

[Phantasmal]

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook​

The Organisation for Economic Co-operation and Development on Tuesday downgraded its growth forecasts for both the U.S. and global economy.

The U.S. growth outlook was revised to just 1.6% this year and 1.5% in 2026.

Tariffs and policy uncertainty were among the key factors cited by the OECD to explain the reductions.

“The global outlook is becoming increasingly challenging,” the report said. “Substantial increases in barriers to trade, tighter financial conditions, weaker business and consumer confidence and heightened policy uncertainty will all have marked adverse effects on growth prospects if they persist.”

https://www.cnbc.com/2025/06/03/us-growth-forecast-cut-further-by-oecd-as-trump-tariffs-sour-outlook.html

We must all suffer, according to TACO, the MAGAt’s Savior, while he becomes richer. The cult will comply.

 

[Hawkeye10]

Nobody has any idea what the world will look like in 2026....this is fiction.

 

[Cypress]

We must all suffer, according to TACO, the MAGAt’s Savior, while he becomes richer. The cult will comply.

I wonder how many MAGA morons have lost their government jobs or will have their Medicaid cut because they were angry about a dozen or so transgender athletes?

 

[Cypress]

Nobody has any idea what the world will look like in 2026....this is fiction.

West less than 90 days from economic super crash

 

[Tbird19482]

I wonder how many MAGA morons have lost their government jobs or will have their Medicaid cut because they were angry about a dozen or so transgender athletes?

The jobs report came out today and Unemployment is the highest it has been in over 8 months.
Nice going Trump.