Tag: economic growth
World Bank lowers global growth forecast, citing trade war ‘turbulence’ – National
U.S. President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow…
Amid the trade war, OECD has lowered its global economic growth projections – National
The current trade war sparked by U.S. President Donald Trump’s tariff policies is expected by many experts to have wide-ranging impacts across the world, including on economic growth and labour markets, and a new report has been released that further highlights this warning. The Organization for Economic Co-operation and Development’s latest outlook report outlines its dim…