The Organization for Economic Cooperation and Development downgraded its forecast for the global economy... citing escalating trade tensions and tightening financial conditions in emerging markets. Although the U.S. is the source of those trade frictions... it had the brightest outlook among the OECD's major developed economies.
1. Why did the OECD downgraded its forecast for the global economy?
2. Compare their forecast last year with this year’s economic forecast.
3. Do you think the economic situation will be better in the coming months?