Potential trade war threatens global economic growth, OECD warns

An improved outlook for world economic growth will be placed at severe risk if a trade war results from US metal tariffs, a report has warned.

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%.