Analysts at BBH note that the OECD just upgraded its global growth forecasts as it sees growth this year and next at 3.9%, up from 3.7% and 3.6%, respectively, that it forecast back in November.
“This is the strongest rate since 2011. However, the OECD warned that “Trade protectionism remains a key risk that would negatively affect confidence, investment and jobs. Governments of steel-producing economies should avoid escalation and rely on global solutions.”
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