OECD Secretary-General Angel Gurria says growth is still hampered by the aftermath of the global financial crisis. He also tells DW that current trade tensions are taking a toll on investors' confidence.
Global economic growth has peaked, the Organization for Economic Cooperation and Development has said in its latest economic outlook. And more clouds are appearing on the horizon in the form of trade disputes.
Policymakers in Europe have spared no effort to emphasize that there can be no winners in an escalated trade conflict between the United States and China. But a fresh study shows there are several beneficiaries.
President Trump and Chinese leader Xi agreed to a 90-day stop to new tariffs in a step to slow an ongoing trade war. The meeting came on the heels of a G20 summit that called for revamping world trade rules.
The Asia-Pacific summit has become the latest stage for the trade dispute between the US and China. Beijing called for consultations as Washington threatened more tariffs.
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