Trade policy under US President Donald Trump is taking a major toll on global growth. The Organisation for Economic Co-operation and Development has cut its GDP forecast for this year and the next to below 3%. It has warned of an even weaker outlook, should it see a further rise in protectionism. The OECD’s chief economist also said a “significant increase in trade barriers” and uncertainty caused will lead to “weakened economic prospects” all around the world. Olly Barratt reports from London.
Top News
- Man fined S$5,000 for providing dog ‘staycay’ services at unlicensed boarding facility
- Thailand urges positive engagement after Cambodia threatens to take dispute to World Court
- Anger as US blocks Gaza ceasefire resolution at UN Security Council
- Hackers abuse modified Salesforce app to steal data, extort companies, Google says
- Brazil need to get the best out of Vinicius Jr, says Ancelotti
- Jail for man who punched taxi driver for overtaking him
- Indonesian jailed over 2002 Bali bombings starts coffee business
- US-backed group extends closure of Gaza aid sites