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Trade war cuts global economic growth outlook: OECD
Trade war cuts global economic growth outlook: OECD
Business and Economy
by  AFP

The OECD slashed its annual global growth forecast on Tuesday, warning that US President Donald Trump's tariffs blitz will stifle the world economy -- hitting the United States especially hard. While annual inflation is expected to "moderate" among the Group of 20 economies to 3.6 percent in 2025 and 3.2 percent in 2026, the United States is "an important exception".

Asian markets rise as traders eye possible Trump-Xi talks
Asian markets rise as traders eye possible Trump-Xi talks
Business and Economy
by  AFP

Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon. And Japanese trade point man Ryosei Akazawa is eyeing another trip to Washington for more negotiations amid speculation of a deal as early as this month.