WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade policies, the Organization for Economic Cooperation and Development said earlier this week, upgrading its outlook for global and United States economic growth this year.

The 38-country OECD now forecasts that the world economy will grow 3.2 percent this year, down from 3.3 percent in 2024, but an improvement on the 2.9 percent it had predicted for 2025 back in June.

The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9 percent next year.

The OECD also raised its forecast for U.S. growth this year — to 2 percent, up from the 1.6 percent it had forecast in June. Still, even with the upgrade, the American economy — the world’s largest — would have grown more slowly than it did in 2024 (2.8 percent).

Since returning to the White House in January, Trump has overhauled American trade policy, imposing taxes on imports.

The trade barriers were widely expected to slow growth and push up costs, but his tariffs have come in lower than the ones he threatened to impose in the spring.

Many companies beat the levies by importing foreign goods into the United States before they took effect.

The United States and world economies also are getting a boost from massive investments in artificial intelligence.

“The global economy has been resilient this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty,” OECD Secretary-General Mathias Cormann wrote in a commentary accompanying the forecasts. Still, he added: “We expect higher tariffs to gradually feed through to higher prices, reducing growth in household consumption and business investment.’’

The OECD expects China, the world’s No. 2 economy, to grow 5 percent this year, the same rate it grew in 2024.

It sees the 20 economies that share the euro currency collectively expanding 1.3 percent in 2025, up from 0.8 percent in 2024.

India, which has supplanted China as the world’s fastest-growing major economy, is expected to generate 6.7 percent growth this year, up from 6.5 percent in 2024.