The OECD has downgraded its outlook for the global economy as a result of President Trump's escalating trade wars.
Canada and Mexico are predicted to see the biggest impact, with Canada's growth outlook being halved and Mexico being expected to see a recession.
HSBC chief economist Paul Bloxham explains further.
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- Donald Trump declines to rule out US recession amid trade tariffs
- Barry Soper: Adrian Orr owes New Zealand an explanation
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