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/