💨 Abstract

The OECD forecasts that Trump's tariffs will lower growth in the US, Canada, and Mexico, increase inflation, and cost U.S. households more than they generate. The U.S. economy is expected to slow from 2.4% to 2.2% this year and 1.6% next year, while Mexico's economy might contract. Canada's growth rate will slow to 0.7%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖