The Organization for Economic Cooperation and Development (OECD) has revised its U.S. economic growth forecast for 2025, projecting a slowdown to 1.6% from 2.8% in 2024. This anticipated deceleration is attributed primarily to the implementation of higher import tariffs, which have raised the effective tariff rate to over 15%—the highest since World War II. These trade policies have led to increased costs for businesses and consumers, disrupted supply chains, and heightened economic uncertainty.
In addition to the U.S. outlook, the OECD has also downgraded global economic growth projections, forecasting a decline to 2.9% in both 2025 and 2026 from 3.3% in 2024. The slowdown is expected to be most pronounced in economies heavily involved in international trade, including Canada, Mexico, and China.
At Workplay, we understand that economic fluctuations can impact workforce stability and productivity. Our platform offers tools to help organizations navigate these challenges by enhancing operational efficiency and supporting employee well-being during uncertain times.
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