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OECD cuts global outlook again and warns worse may be ahead

The OECD cuts its global outlook again and reports prospects of a general global economic slowdown on uncertainty from trade tensions and political contingencies. And there could be worse in store.

Photo: Ritzau Scanpix/Aly Song

The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the OECD.

Since the organization last downgraded many of its forecasts in November, little has gone right for the world's biggest economies. Weakness in the euro area and China are proving more persistent, trade growth has slowed sharply and uncertainty over Brexit has continued.

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