'Escalating conflict over tariffs ... has hit trade, is undermining business investment, and is putting jobs at risk,' the OECD said. Global GDP is set to...
The OECD on Thursday released a warning to the global economy — GDP growth is going to drop, and it's up to governments to stop fighting to fix it. In a statement, the OECD said that world GDP growth this year is expected to fall to 2.9%,"its lowest annual rate since the financial crisis," and is expected to hover at that level in 2020 and 2021. The OECD highlighted the US-China trade war as the reason for this decline. View Business Insider's homepage for more stories.
The OECD on Thursday released a warning to the global economy — GDP growth is going to drop, and it's up to governments to stop fighting to fix it. In a statement, the OECD said that world GDP growth this year is expected to fall to 2.9%,"its lowest annual rate since the financial crisis," and is expected to hover at that level in 2020 and 2021. The OECD highlighted the US-China trade war as the reason for this decline. View Business Insider's homepage for more stories.
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