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Future of Equipment Tracking for Construction
Sydney's Taronga Zoo Sets the Benchmark
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Infrastructure Priority List Identifies $58 Bn Project Pipeline
New Projects Bring Economic Growth to The Whitsundays
Building Approvals Hit 5-Year Low
By Associated Press
March 13, 2018
PARIS (AP) — As the U.S. prepares to impose tariffs on steel and aluminum imports, a world economic watchdog warned Tuesday that such barriers will hurt economic growth globally.
The Organization for Economic Co-operation and Development, a policy adviser to developed economies, said that while the global economy is improving, "trade protectionism remains a key risk that would negatively affect confidence, investment and jobs."
The statement was a veiled reference to U.S. President Donald Trump's decision to impose tariffs without resorting to international arbitration.
The OECD expects world economic growth to accelerate to 3.9 percent this year and next, from 3.7 percent in 2017. It expects the U.S. to accelerate thanks to lower taxes, and sees a pick-up also in several developing countries. By contrast, it predicts a gradual slowdown in the 19-country eurozone, Britain, China and Japan.
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December 31, 2018