Mainstream parties responsible for culture in which extremists thrive
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Reuters
34 minutes ago
- Reuters
OECD trims global outlook as Trump trade war hits U.S. growth
PARIS, June 3 (Reuters) - Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration's trade war takes a bigger toll on the U.S. economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3% last year to 2.9% in 2025 and 2026, the Organisation for Economic Cooperation and Development said, trimming its estimates from March for growth of 3.1% this year and 3.0% next year. But the growth outlook would likely be even weaker if protectionism increases, further fuelling inflation, disrupting supply chains and rattling financial markets, the Paris-based organisation said in its latest Economic Outlook. U.S. President Donald Trump's tariff announcements since he took office in January have already roiled financial markets and fuelled global economic uncertainty, forcing him to walk back some of his initial stances. Last month, the U.S. and China agreed to a temporary truce to scale back tariffs, while Trump also postponed 50% duties on the European Union until July 9. The OECD forecast the U.S. economy would grow only 1.6% this year and 1.5% next year, assuming for the purpose of making calculations that tariffs in place mid-May would remain so through the rest of 2025 and 2026. For 2025, the new forecast marked a sizeable cut as the organisation had previously expected the world's biggest economy would grow 2.2% this year and 1.6% next year. While new tariffs may create incentives to manufacture in the United States, higher import prices would squeeze consumers' purchasing power and economic policy uncertainty would hold back corporate investment, the OECD warned. Meanwhile, the higher tariff receipts would only partly offset revenues lost due to the extension of the 2017 Tax Cuts and Jobs Act, new tax cuts and weaker economic growth, it added. Trump's sweeping tax cut and spending bill was expected to push the U.S. budget deficit to 8% of economic output by 2026, among the biggest fiscal shortfalls for a developed economy not at war. As tariffs fuel inflation pressures, the Federal Reserve was seen keeping rates on hold through this year and then cutting the fed funds rate to 3.25-3.5% by the end of 2026. In China, the fallout from the U.S. tariff hikes would be partly offset by government subsidies for a trade-in programme on consumer goods like mobile phones and appliances and increased welfare transfers, the OECD said. It estimated the world's second-biggest economy, which is not an OECD member, would grow 4.7% this year and 4.3% in 2026, little changed from previous forecasts for 4.8% in 2025 and 4.4% in 2026. The outlook for the euro area was unchanged from March with growth forecast this year at 1.0% and 1.2% next year, boosted by resilient labour markets and interest rate cuts while more public spending from Germany would buoy 2026 growth. The UK outlook was a tad better than in March with growth forecast at 1.3% this year and 1.0% in 2026, revised marginally lower from March estimates for 1.4% in 2025 and 1.2% in 2026.
Times
39 minutes ago
- Times
Attack at Gaza aid point ‘leaves 24 dead and dozens injured'
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Geeky Gadgets
42 minutes ago
- Geeky Gadgets
iPhone 17: FINALLY Bigger Screens for EVERYONE?
The iPhone 17 has become a focal point of speculation, with rumors suggesting that it may feature larger displays than its predecessors. This potential shift could mark a significant moment in Apple's design trajectory, offering users a more immersive experience while raising important considerations about practicality and usability. Such a move would align with broader trends in the smartphone industry, where screen size plays an increasingly pivotal role in shaping user preferences and device functionality. The video below from SaranByte gives us more details on what Apple has planned for its 2025 iPhone 17 range. Watch this video on YouTube. What the Rumors Say About Screen Size Reports indicate that the iPhone 17 could introduce displays that are noticeably larger, catering to the growing demand for expansive screens. This trend reflects the evolving needs of users who prioritize enhanced media consumption, gaming, and multitasking capabilities. Apple has historically managed to increase screen sizes without compromising usability, suggesting that any changes would likely strike a careful balance between innovation and practicality. While exact dimensions remain unconfirmed, the possibility of larger screens underscores Apple's commitment to staying competitive in a market where screen real estate is a critical factor for consumers. Design Adjustments to Support Bigger Screens To integrate larger displays seamlessly, Apple may need to implement significant design adjustments. Strategies such as reducing bezel size or adopting edge-to-edge displays could allow for a larger screen without drastically increasing the device's overall footprint. Apple's design philosophy, which emphasizes sleekness and functionality, suggests that any modifications would preserve the brand's iconic aesthetic. Additionally, advancements in materials and engineering could result in a lighter, more ergonomic device, making sure that a larger screen does not compromise portability or comfort during extended use. Apple's potential design changes could also include innovations in display technology, such as improved OLED panels or even the rumored micro-LED technology. These advancements could enhance visual quality while maintaining energy efficiency, further solidifying Apple's reputation for delivering innovative devices. How Larger Displays Could Affect User Experience A larger screen on the iPhone 17 could significantly enhance your overall experience by offering more immersive visuals and improved multitasking capabilities. For instance, split-screen functionality could become more practical, allowing you to use multiple apps simultaneously without feeling constrained by limited screen space. This could be particularly beneficial for productivity tasks, such as editing documents or managing workflows on the go. However, larger displays may also introduce challenges, such as reduced one-handed usability. Apple's software solutions, including gesture-based controls and adaptive interfaces, could play a crucial role in addressing these concerns. Features like Reachability, which allows users to access the top of the screen more easily, or customizable interface layouts could ensure that the device remains intuitive and user-friendly, even with a larger form factor. Potential Impact on Device Dimensions The introduction of larger displays is likely to influence the iPhone 17's overall dimensions. While Apple may strive to keep the device compact, a larger screen could result in a slightly taller or wider form factor. This raises practical considerations, such as how the device fits in your hand or pocket. Apple's ability to balance ergonomic design with increased screen size will be critical in making sure the iPhone 17 remains both functional and comfortable for everyday use. To address these challenges, Apple could explore innovative design solutions, such as curved edges or a thinner chassis, to maintain a sleek and manageable profile. Additionally, the use of lightweight materials could help offset any increase in size, making sure that the device remains easy to handle and carry. What This Means for Apple's Design Strategy The rumored shift to larger displays represents a potential evolution in Apple's approach to smartphone design. By carefully balancing screen size, usability, and aesthetics, Apple has the opportunity to deliver a device that meets the demands of modern users while staying true to its design principles. This move could also signal Apple's intent to further differentiate its flagship devices from competitors, offering a unique blend of functionality and style. While these changes remain speculative, they highlight Apple's ongoing commitment to innovation and its ability to adapt to shifting market trends. If the iPhone 17 does indeed feature larger displays, it could set a new standard for smartphone design, reinforcing Apple's position as a leader in the industry. As more details emerge, the potential impact of these changes will undoubtedly continue to generate excitement and anticipation among users and industry observers alike. Stay informed about the latest in iPhone 17 by exploring our other resources and articles. Source & Image Credit: SaranByte Filed Under: Apple, Apple iPhone, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
