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Oxford Economics warns US tariff hikes signal a downturn in global economic outlook

The Star

|

April 30, 2025

THE announcement of substantial tariff hikes by the US administration marked a turning point in global economic outlook, as reflected in the latest Global Risk Survey conducted by Oxford Economics.

- SIPHELELE DLUDLA

Launched on April 3, just hours after the US declared 'Liberation Day,' the survey revealed a significant deterioration in business sentiment, continuing a trend of pessimism that lasted throughout the three-week sample period.

The latest quarterly survey, completed by 125 clients across sectors, reveals a complex landscape driven by fears of imminent trade wars, economic sluggishness, and shifting global dynamics.

The Global Business Sentiment Index, derived from these surveys, indicated a worrying forecast: global gross domestic product (GDP) growth is projected to decelerate to just 1.2% by late 2025.

This is half the growth rate businesses anticipated in January and 0.6 percentage points below the most recent baseline.

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WITH the South African motor manufacturing industry under increasing pressure as a result of the influx of cars from China and India, tariff wars, the change to New Energy Vehicles and steel challenges, to name a few, it’s heartening to see that the Volkswagen plant in Kariega has announced that the 500 000th unit of the Polo has rolled off the assembly line.

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Murder of engineer linked to Transnet corruption

SLAIN engineer Armand Swarts was killed days after the company he worked for raised questions about a Transnet tender issued to SK Group, a company found to be inflating prices.

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Grilled him on PKTT, SAPS and his alleged connections to Matlala

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US’ scheme to disrupt Beijing Time exposed

CHINAS national security agency revealed on Sunday that the United States National Security Agency has long plotted cyberattacks against the National Time Service Center, which is responsible for generating and maintaining standard Beijing Time.

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Mo Salah has to find his own mojo without Trent

ONE plus one makes 11. The proverb, of course, refers to when two individuals or entities work together, they create something greater than the sum of their parts.

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Beganovic wary of in-form Golden Arrows

TS GALAXY coach Adnan Beganovic says he will be wary of a dangerous Golden Arrows side, even though his team holds an impressive record against the KwaZulu-Natal outfit.

time to read

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October 23, 2025

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