OECD cuts global growth forecast as trade tensions bite

The world economy is on course for growth this year of 3.7pc - up from 3.6pc last year, said the Organisation for Economic Co-operation & Development (OECD) (stock picture)

Leigh Thomas

Global economic growth has peaked in the face of rising trade frictions and emerging market turbulence, the OECD said yesterday, trimming its earlier outlook.

The world economy is on course for growth this year of 3.7pc - up from 3.6pc last year, said the Organisation for Economic Co-operation & Development (OECD).