U.S. and global growth forecast lifted by OECD as economies surprise to the upside

Global Economic Growth Forecast - The OECD upgraded its global economic growth forecast to 3.2% for 2025, an increase from the previous estimate of 2.9% in June [2] - The growth expectation for 2026 remains unchanged at 2.9%, indicating a slowdown from the 3.3% growth seen in 2024 [2] U.S. Economic Outlook - The growth forecast for the U.S. has been raised to 1.8% for 2025, up from June's estimate of 1.6%, but still lower than the 2.8% growth recorded in 2024 [2] - The OECD projects a further decline to 1.5% growth for the U.S. in 2026 [2] Factors Influencing Growth - Global growth was more resilient than anticipated in the first half of 2025, particularly in emerging-market economies [3] - Industrial production and trade were bolstered by front-loading ahead of higher tariffs, while strong AI-related investment positively impacted outcomes in the U.S. [3] - Fiscal support in China has outweighed the negative effects from trade headwinds and weaknesses in the property market [3]