President Donald Trump’s trade policies are triggering a global economic downturn, but the president apparently hasn’t gotten the memo.
“Because of Tariffs, our Economy is BOOMING!” Trump boasted in a Truth Social post early Tuesday. Within hours, a damning economic forecast came to the opposite conclusion.
The Paris-based OECD released a forecast predicting global economic growth will slow to 2.9 percent this year, down from 3.3 percent in 2024. The U.S. economy, in particular, is expected to see its growth slow from 2.8 percent to just 1.6 percent, Bloomberg reported.
Read more at The Daily Beast.
