Amazon Key Delivery Expands to the Trunk of Your Car
Electric vehicle chargers across the USA: Target, Walmart, and more
Trading Psychology - Merck & Co., Inc. (MRK), The Procter & Gamble Company (PG)
Harley Davidson internship allows you to ride and keep motorcycle
Noticeable Buzzer: GameStop Corp. (GME)
Potential trade war threatens global economic growth, OECD warns
13 March 2018, 02:17 | Hattie Nash
OECD urges world to play by trade rules as tariff row rages
This is up from an earlier projection of 1.2%, but is the weakest in the G20.
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 United Kingdom growth would lag all G20 countries due to Brexit uncertainties.
In its quarterly report, the Paris-based research body said it expects growth to ease off in some of those economies this year, but not by as.
The OECD forecast the US economy would grow 2.9 percent this year and 2.8 percent in 2019, with tax cuts adding 0.5-0.75 percentage points to the outlook in both years. That was higher from a November forecast of 1.2 percent due to the broader global improvement.
In its latest snapshot on global performance the Organisation for Economic Cooperation and Development (OECD) raised its growth forecast for both 2018 and 2019 to 3.9% - the highest since 2011 - from a previous estimate of 3.6%.
"Growth is steady or improving in most G20 countries and the expansion is continuing", said OECD acting chief Economist Alvaro Pereira, "[But] an escalation of trade tensions would be damaging for growth and jobs".
"We should also make full use of the help available from other markets, of other investors, of other scientists, of other technologies to complement our own", he said.
The OECD's latest economic outlook showed all but one G20 nation - Russian Federation - was set to grow at a faster pace this year than predicted last November.
"Safeguarding the rules-based global trading system will help to support growth and jobs", it said.
But its brighter outlook came with a major caveat in the wake of the USA decision to slap import tariffs on steel and aluminum and the threat of retaliation by China, the European Union and others.
"I think it is very important to avoid escalation and to initiate a strengthening in the global dialogue to solve not only the problem for steel but to avoid bigger repercussions in terms of trade".
The OECD projects that the global economy will grow by 3.9% in both 2018 and 2019, with private investment and trade picking up on the back of strong business and household confidence.
Business Report: What happens if Trump does steel tariffs
On Friday, he tweeted that " trade wars are good and easy to win" - one of his most ridiculous tweets ever, which is saying a lot. President Donald Trump is prepared to do in the name of so-called "winning". "Millions of people addicted and dying", he said .
Mr Pereira said a global trade war would be harmful for the global economy.
MSU men will play host to Nebraska in NIT
About the same time Rutgers, which once looked like it was in great position to make the tournament, started losing more . If it receives a No. 5 seed, UW won't play another game in Seattle this season, unless there's an upset in the No. 1 vs.
Carrick: United back where they belong in Europe
The Portuguese had stated then that it is high time that Old Trafford experienced a big Champions League night. Nemanja Matic struck home a gorgeous half-volley in added time for a remarkably good comeback.
Verizon LG V30 Android 8.0 Oreo Update Released
The Xperia R1 offers 2GB of RAM and 16GB of internal storage, while the R1 Plus offers 3GB of RAM and 32GB of internal storage. HTC , on the other hand, has started pushing the Oreo update for the U Ultra , its very first flagship offering from 2017.
Nice Tuesday, Rain and Snow later in the week
Look for partly to mostly sunny skies, with breezy conditions and temperatures only getting up into the cooler 40s again. The system leaves slightly before 12 p.m. and that means the rest of Monday will be rather sunny with a high of 50.