World economy grows at the lowest annual rate since the financial crisis. Trade war may take 0.3-0.4 percentage points from world GDP.
Alarms are ringing everywhere, and few economies escape the most pessimistic predictions of the Organization for Economic Co-operation and Development (OECD). With the exception of Canada, Japan and Turkey, all the other economies assessed are on a slower growth path and the euro zone will be one of the most battered, with Germany at the head.
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