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Businesses and trade activities are preparing in advance as the OECD raises its global economic rise forecast for this year.
On September 23, Jin10 reported that the OECD raised its forecast for global economic growth in 2025 from 2.9% estimated in June to 3.2%, citing that businesses and trade activities have made advance preparations before the U.S. imposes tariffs. Japan's economy is expected to grow by 1.1% in 2025, up 0.4 percentage points from previous forecasts, primarily benefiting from strong corporate profits and robust investments. However, with Japan reaching a tariff agreement with the United States, the growth rate is expected to slow to 0.5% in 2026. Nevertheless, the OECD also warned in its latest economic outlook that the global economy still faces risks, stating, “Once the advance preparation effect fades, higher tariff levels and ongoing high policy uncertainty will suppress investment and trade.” The organization maintains its global growth forecast for 2026 at 2.9%. The U.S. economy is expected to grow by 1.8% in 2025, up 0.2 percentage points from previous estimates, but lower than the 2.8% in 2024, as the boost from tech industry investments is offset by higher tariffs and reduced immigration; growth is expected to be 1.5% in 2026, consistent with previous forecasts.