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.
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs. European Council President Donald Tusk says it is a "clear message" against protectionism.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
The European Commission has released new economic growth forecasts. Europe's major economies are expected to grow in the next two years — but at a slower rate than the Commission had previously forecast.
The prospect of increasing trade frictions is threatening the global growth outlook, the OECD has said in its latest biannual forecast. Nonetheless, it expects unemployment to hit a 40-year low in 2019.
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