OECD's Gurria: Trade War Has Cost 1% in Terms of Global Growth

The video discusses the negative impact of trade wars on global economic growth, highlighting the uncertainty they create, which hinders investment. It examines the role of central banks in addressing economic slowdowns, noting their shift from raising to cutting interest rates. The video also covers tax transparency efforts, with 120 jurisdictions exchanging information to prevent tax evasion. Finally, it addresses the challenges of taxing the digital economy, emphasizing the need for international consensus to ensure fair taxation of digital businesses.

What is the significance of the €95 billion and $110 billion mentioned in the text?

How does the digital economy impact taxation according to the text?

What consensus is needed for effective taxation in the digital economy?