World economy has passed its peak, OECD warns
PARIS A global economic watchdog says world growth has passed its peak and faces growing risks, including from trade disputes and higher interest rates.
The Organization for Economic Co-operation and Development said Wednesday it has cut its forecast for global growth next year to 3.5 per cent from 3.7 per cent.
The Paris-based agency said that while labour markets are in good health in major economies like the U.S., trade and investment have taken a hit from higher tariffs. U.S. President Donald Trump has slapped tariffs on many trade partners and escalated a tit-for-tat dispute with China.