Trade Tensions Current Affairs, GK & News
The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019. Economic Forecasts of OECD The report notes that trade tensions and political uncertainty, including Brexit and erosion of business and consumer confidence are weighing on the world’s economy thereby contributing to the slowdown. OECD has cut ..
The World Economic Situation and Prospects 2019 discusses various challenges before the global economy. The important of them are: Trade Tensions The global trade growth moderated at 3.8 per cent in 2018 against the growth rate of 5.3 per cent in 2017. The stimulus measures and direct subsidies have offset much of the direct economic ..