Mathias Cormann, ex-Australian Finance Minister, is in the news as OECD warns Trump tariffs hurt global growth—he’s known for his tough economic stance.
Economists and international organizations project a modest slowdown in global growth for 2026, influenced by trade tensions, tariffs, and AI investment. The US economy is expected to grow around 2%, with risks from trade policies and AI market speculation. Forecasts remain cautious amid ongoing uncertainties.
Japan's economy contracted by 0.6% in the third quarter, revised from earlier estimates. Exports declined slightly, and private residential investment fell 8.2%. U.S. tariffs on autos and imports have strained Japan-U.S. relations, while Japan's new prime minister seeks economic revival.