Trump trade wars are slowing global growth and fuelling inflation, says OECD
Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs
Donald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has warned.
In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico.
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Trump’s Trade War Will Slow Global Economic Growth, OECD Says
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Trump’s Trade War Will Slow Global Economic Growth, OECD Says
Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy take their toll.The New York Times - 46m -
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