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Trade tensions cloud best global growth outlook in 7 years: OECD

Reuters  |  PARIS 

By Leigh ThomasPARIS (Reuters) - Trade tensions are threatening the best global economic growth outlook in seven years, the OECD said on Tuesday, adding that four U.S. rate rises are likely this year as tax cuts stoke the world's biggest economy while Brexit will drag on Britain.While broadly more optimistic than only a few months ago, the Organisation for Economic Cooperation and Development warned a trade war could threaten the outlook, and forecast that UK growth would lag all G20 countries due to Brexit uncertainties.Updating its outlook for the G20, the OECD, which groups 34 of the ...

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First Published: Tue, March 13 2018. 17:54 IST