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OECD

OECD Slashes U.S. Growth Forecast Amid Escalating Tariff Tensions

OECD Trade Policies, Tariffs, and Their Impact on Global Economic Growth: The Organization for Economic Co-operation and Development (OECD) has significantly downgraded its forecast for U.S. economic growth in 2025, citing President Donald Trump’s recent tariff policies as a primary factor. The OECD anticipates a significant cooling in U.S. economic momentum, with real GDP growth […]

IRS to Lay Off 6,700 Employees in Major Downsizing Move

The U.S. Internal Revenue Service (IRS) is set to lay off 6,700 employees on February 20, 2025, as part of a major downsizing effort under the Trump administration. The move is aimed at streamlining operations and reducing costs, but critics warn it could hinder the agency’s ability to enforce tax laws and provide taxpayer services. […]

Japan Weighs Alaska Gas Pipeline Support to Strengthen U.S. Ties

Balancing Trade and Energy Japan is contemplating backing a $44 billion Alaskan gas pipeline project to strengthen ties with the U.S. and alleviate trade tensions. The pipeline, stretching 800 miles, would transport natural gas from northern Alaska to a southern port for liquefaction and export to Asia. Despite skepticism over its economic feasibility, Japan may […]