OECD Chief Gurria: Trade War Shaved 1% Off Global GDP

The video discusses the impact of the US-China mini trade deal, highlighting its positive aspects but also the ongoing trade tensions affecting global economic growth. It emphasizes the role of central banks and fiscal policy in mitigating economic slowdowns. China's economic growth and debt issues are analyzed, along with the potential risks of US-China economic decoupling. The video concludes with the economic implications of Brexit and the role of the Bank of England in managing its impact.

How does uncertainty in trade affect business investment decisions?

What are the implications of rising financial vulnerabilities as warned by the IMF?

In what ways can fiscal policy complement the actions of central banks?