U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook

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📉 U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook As 2025 unfolds, the U.S. economy is showing signs of strain amid a global slowdown and heightened trade barriers. Here's a detailed look at the latest forecasts and implications based on insights from the OECD, Federal Reserve, and key market indicators . 📊 1. U.S. Growth Forecast Downgraded by OECD The Organisation for Economic Co-operation and Development (OECD) has revised the U.S. GDP growth forecast for 2025 to 1.6% , down from 2.8% in 2024 . The forecast for 2026 remains muted at 1.5% , reflecting persistent uncertainty driven by: Elevated trade barriers Reduced consumer spending power Sluggish business investment 💸 2. Tariffs Fueling Inflation & Trade Costs The average U.S. tariff rate has climbed to 15.4% , the highest level since 1938 . These tariffs have raised import costs, which are now being passed on to consumers: Projected consumer price inflation is expected to rise to...
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Highlights – June 2025

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📰 Current Affairs Highlights – June 2025

A Curated Overview of This Month’s Key Developments

Here’s a concise roundup of major news and policy updates for June 2025 that matter for readers interested in national developments, governance, finance, and international trends.

📌 1. June 2025 Examination Trends – Focus on Global Affairs

Recent competitive examinations have seen a clear trend: a strong focus on current global affairs and economic concepts.

  • Key international topics covered:

    • BRICS, NATO, Asian Development Bank (ADB), European Union,

    • International North–South Transport Corridor (INSTC)

    • COP 28 and global climate cooperation

  • Economic knowledge tested:

    • Basics of Fiscal Deficit, GDP calculation, and government finance metrics.

🔍 Insight: Staying updated on global institutions and national economic data is increasingly important, not just for academics, but for awareness of how global policies shape domestic affairs.

📌 2. RoDTEP Scheme Relaunch – Boosting Export Competitiveness

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been reactivated, now extended to:

  • Advance Authorisation (AA) holders

  • Export-Oriented Units (EOUs)

  • Special Economic Zones (SEZs)

🔧 Effective from: June 1, 2025
💡 Purpose: To enhance India’s export competitiveness, this WTO-compliant initiative ensures tax remission for exporters via a fully digital platform (ICEGATE), ensuring transparency and speed.

📌 3. Finance & Banking Updates – Policies in Focus

This month’s finance and banking sector developments include updates relevant for investors, professionals, and students:

  • Cash Reserve Ratio (CRR) regulations for Small Finance Banks (SFBs)

  • Changes in the National Pension System (NPS)

  • Expansion of the Prime Minister’s Employment Generation Programme (PMEGP) to support MSMEs and job creation

📈 These updates reflect India’s efforts to strengthen financial inclusion and entrepreneurial support.

📌 4. Important Days in June 2025

Several national and international observances in June highlight critical global and social themes:

Date Day Focus
June 5 World Environment Day Environmental protection and climate action
June 8 World Oceans Day Marine biodiversity and conservation awareness
June 21 International Yoga Day Promoting holistic health through yoga

🌍 These dates offer a moment for reflection and participation in global action and public well-being.

📚 Sources & References:


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