OECD cuts global outlook again and warns worse may be ahead

PARIS (Bloomberg): The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the OECD.

Since the organization last downgraded many of its forecasts in November, little has gone right for the world’s biggest economies. Weakness in the euro area and China are proving more persistent, trade growth has slowed sharply and uncertainty over Brexit has continued.