Central Banks

World Economy Surprisingly Resilient to Tariffs, OECD Says

Tractor trailers carrying shipping containers at the Port of Los Angeles in California.Photographer: Eric Thayer/Bloomberg

The global economy is weathering Donald Trump’s trade tariffs better than expected as activity gets a boost from strong investment in artificial intelligence and supportive fiscal and monetary policies, the OECD said.

The Paris-based organization raised its US and euro-area growth forecasts for this year and next, and made small upward adjustments for other major economies in its latest outlook.