Growth grumble: OECD chief Gurria warns of Brexit effect and low-growth trap
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The Organisation for Economic Co-Operation and Development (OECD) has slashed its global economic forecast, saying the world economy is currently stuck in a “low-growth trap”. One of the major risks ahead, OECD head Angel Gurria says, is if Britain votes to leave the European Union in the looming Brexit referendum.
- Negotiators from the European Union and the United States are racing to strike a new transatlantic trade deal. But there are European fears that food standards are being sacrificed.
- Spain is set for a tourism windfall as sunseekers turn away from North Africa and Turkey. But some locals are complaining about the massive influx of visitors.