As part of the Trade War, OECD reduced global economic growth forecasts – national

Burns with an existing trade war US President Donald Trump’s Tariff Policy Many experts are expected to have extensive influence in the world, including broad impact in the world economic growth And a new report, which further emphasizes labor markets and this warning.

This Organization of the latest Outlook report of economic cooperation and development Global economies and describe the dark forecast for key areas to help grow.

The group of 38 countries changed the worldview to reflect a worse road than expected for global economies compared to the previously broadcast report.

“We have downloaded our growth forecasts in this difficult and uncertain environment,” he said. “Weakened economic prospects will be felt in the world, almost without exception. Low growth and less trade revenues and slow work will grow.”

The OECD is now expected to enter this year and in 2024 in 2024 economic growth from 3.3 percent to 2.9 percent.

In the last report, the growth for this year and next year was projected to be 3.1 percent.

Among the peoples, the United States, Canada, Mexico and China are expected to be the greatest contribution of global economic decline.

OECD sent a separate report on May 26 Economic Survey for CanadaThis year, although there is an economic decline, it may not be a decline.

The report says “Protectionism” will be pressured in inflation – costs for goods and services will increase.

This aims to produce more goods and services for Americans in the United States in the United States, will probably have a negative impact on global economies.

Warnings for global economies have developed a trade war for several months Canada TD Bank that Canada can be in recession this year Government policy is able to reduce damage from Trump tariffs.

When inflation is very high, central banks will generally fight against pressures by increasing interest rates that can express higher monthly expenses for many.

Inflation measured in 2022 in 2022 in 2022 hit a long-term location, such as the Ripple effect of the Covid-19 pandeme.

OECD, in response to inflationary pressure, as a Canadian bank, the Central Banks must “remain sober”.

Side Wednesday, the Canadian Bank will determine money policyAnd this time, if inflation is spikes in the near future, this time increased growth is not expected, then there is potential to return to the period of higher debt costs.

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There is also additional risk for these tariffs to disrupt the development of developing nations Governments are indebted.

“High debt levels and harsh financial conditions create special risks for developing countries, saying large debts in the near future,” the countries must ensure that the public debt is really on a continuous way. “

The latest proposal shown in the OECD report will lead to stronger business development, and governments are increasing investments that can further complicate future projects.

“Investment develops will be a means to revive our economies and improve public finances.”

Prime Minister Mark Carney, made a campaign in the April election The Canadian economy plans to strengthen the trade war and increase the costs to diversify trade partners outside the United States.

CARNEY is one of the other ways, which is trying to reduce damage from the commercial war, facilitate the obstacles to the federally adjustable translation analysis of the provinces and territories.

Prime Minister met with Prime Ministers on Monday These changes, including the energy sector, showed that more work should be done in the meeting.

“Slow investment has lowered growth, productivity and living standards,” said the OECD report, “It should work together to reform the uncertainty and growth of governments.”

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