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OECD warns global economy remains weak as subdued trade drags down growth

21 May 2019

Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook.

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    OECD Secretary-General Angel Gurría believes that trade policy has to improve the well-being of people. Mr Gurría was recently awarded the Bill Frenzel “Champion of Free Trade” Award by the Economic Club of Minnesota.

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