Global Economic Outlook Dims Amid Trade Tensions, US Manufacturing Struggles

In today's episode, we delve into the OECD's latest Economic Outlook, highlighting a more cautious global growth forecast due to rising trade barriers. We also examine the ongoing contraction in the US manufacturing sector, with the latest PMI data indicating persistent challenges. Additionally, we explore the easing inflation trends in the US and their potential impact on Federal Reserve policies. Join us for an in-depth analysis of these pressing economic issues.

Sources:
https://www.oecd.org/en/about/news/media-advisories/2025/05/oecd-to-release-latest-economic-outlook-on-tuesday-3-june-2025.html
https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html
https://www.forexlive.com/news/oecd-cuts-global-outlook-as-trump-tariffs-bite-at-us-growth-20250603/
https://www.oecd.org/en/about/newsroom.html
https://www.youtube.com/watch?v=ooppJsAyI-Q
https://www.manufacturingdive.com/news/ism-s-and-p-pmi-may-2025-trump-tariffs/749549/
https://www.advisorperspectives.com/dshort/updates/2025/06/02/ism-manufacturing-pmi-contracts-may-2025?topic=covid-19-coronavirus-coverage
https://www.advisorperspectives.com/dshort/updates/2025/06/02/sp-global-manufacturing-pmi-may-2025
https://www.pmi.spglobal.com/Public/Home/PressRelease/ed3c6f6ea79843648c9b8b98824d74f7
https://tradingeconomics.com/united-states/manufacturing-pmi
https://www.morningstar.com/economy/april-pce-report-pce-inflation-index-up-21-softer-than-expected
https://www.fxstreet.com/news/us-core-pce-inflation-likely-steady-in-april-as-markets-price-federal-reserve-rate-cut-for-september-202505300600
https://www.foxbusiness.com/economy/april-2025-pce-inflation
https://www.bea.gov/news/2025/personal-income-and-outlays-april-2025
https://www.metatradingclub.com/april-pce-price-index/