ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs