The world’s leading economies need to ease trade tensions and act decisively to prevent a descent into a low-growth trap from which it would be difficult to escape, the OECD warned on Thursday.
Labelling the economic outlook as “increasingly fragile and uncertain”, the Paris-based international organisation forecast that Britain would fall into recession if it left the EU without a deal and eurozone growth would slow to close to zero.
Evidence is accumulating that the effects of trade tensions are greater than previously thought, the OECD said, urging all countries to stop erecting tit-for-tat trade barriers and to fight the economic slowdown with a fiscal stimulus, where public finances allowed.
您已阅读20%（703字），剩余80%（2808字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。