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OECD Cuts Growth Forecast Amid Trade Tensions; Panama Reforms Pensions

6/10/2025

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Summary

Story summary

The OECD has lowered its global growth forecast to 3.1% for 2025, highlighting the strain of trade tensions. Meanwhile, Panama faces an uncertain economic outlook due to new U.S. tariffs that threaten inflation and public finances. In a positive move, the country has approved pension reforms, pledging $966 million each year to bolster the Social Security Fund without increasing the retirement age.

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Story summary

The OECD has lowered its global growth forecast to 3.1% for 2025, highlighting the strain of trade tensions. Meanwhile, Panama faces an uncertain economic outlook due to new U.S. tariffs that threaten inflation and public finances. In a positive move, the country has approved pension reforms, pledging $966 million each year to bolster the Social Security Fund without increasing the retirement age.