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Trade Tensions Put Global Economic Growth on a 'Subpar' Setting
Trade tensions have derailed the global economy, plunging it onto a low-growth track that’s 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. Things could get worse still given the renewed tensions, which have expanded into a U.S. ban on China’s Huawei Technologies, the world’s second-biggest ... (full story)
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