OECD interim economic outlook: Current US-China trade spat and resulting uncertainties are a “significant source of downside risk to global investment, jobs and living standards.”
“Global growth is projected to settle at 3.7% in 2018 and 2019, marginally below pre-crisis norms, with downside risks intensifying.”
It warns that the recovery since the recession of 10 years ago has been slow and only possible with an exceptional degree of stimulus from central banks. “A decade after the financial crisis, vulnerabilities remain in financial markets from elevated asset prices and high debt levels. Reforms have strengthened the banking system, but risks have shifted towards less tightly regulated non-bank institutions.”
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