OECD: Near-term global trade prospects ‘bleak’

Global growth in 2020 is projected to be the weakest since the financial crisis, the Organization for Economic Cooperation and Development says in a new report that says escalating trade tensions are “endangering future growth prospects.” In its latest interim economic outlook , the OECD says global trade “remains exceptionally weak,” citing stalled trade volumes at the end of 2018 that are now declining. “High-frequency indicators suggest that near-term trade prospects are bleak,” according to the organization, which represents the...