Mumbai, Oct. 14 -- OPEC stated in a latest monthly update that the global economy remained on a healthy trajectory in 1H25, supported by sustained consumer demand and easing trade uncertainty. Upward revisions to the US economic growth figure for 2Q25 further strengthened this trend, more than offsetting the weaker 1Q25 performance that had been affected by distortions ahead of tariff implementation. As global trade uncertainty eased, growth patterns showed signs of normalisation.
US trade flows stabilised following the trade agreements reached over the summer, though risks persist due to new sector- and product-specific tariffs, including those recently announced tariffs on lumber, labelled pharmaceuticals, and additional steel and alumin...