The Dow Jones Industrial Average looks set to open in the red today as the OECD issued a huge shock to the markets. The think tank has dramatically slashed its global outlook, blaming the US-China trade war and Brexit for choking growth.

It predicts that global economic growth will slow to just 3. 3 percent in 2019, down from 3. 5 percent. The downgrade is the second in three months from the OECD. Explaining the slashed forecast, the think tank blamed: “High policy uncertainty, ongoing trade tensions, and a further erosion of business and consumer confidence are all contributing to the slowdown. ”

The post Dow is Sinking Red After Brutal OECD Forecast Slashes Global Growth appeared first on CCN

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