Trump tariffs forecast to hurt global growth

DONALD TRUMP'S COMBATIVE trade policies have tipped the world economy into a downturn, with the US among the hardest hit, the OECD said.

- WILLIAM HOROBIN

The Paris-based organisation slashed its global forecasts for the second time this year, citing the impact of the American president's tariff onslaught. The combination of trade barriers and uncertainty are hitting confidence and holding back investment, it said, while also warning that protectionism is adding to inflationary pressures.