Trump trade wars are slowing global growth and fuelling inflation, says OECD
by Richard Partington Economics correspondent from on (#6VZJE)
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 said.
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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