Trade tensions put global economic growth on a "subpar" setting

New OECD outlook report notes that current trade tensions hurt the global economy and sets it on a track that is shrouded in risks. And things could get worse, the organization projects.

Photo: Ritzau Scanpix/AP

Trade tensions have derailed the global economy, plunging it onto a low-growth track that is clouded by risks, according to the OECD's latest outlook.

The report sticks to the gloomy tone long held by the Paris-based organization, which has warned that trade disruptions could ricochet throughout the world economy. Now that scenario has come to pass, with manufacturing production clobbered by tariffs, a sharp slowdown in investment, and confidence faltering.

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