Trump trade wars are slowing global growth and fuelling inflation, says OECD
1. OECD downgrades global growth forecasts due to trade tensions. 2. US growth forecast cut from 2.5% to 2.2% for this year. 3. Higher trade barriers increase inflation and economic uncertainty. 4. Mexico faces recession; US growth projections lowered for 2026. 5. UK's economic growth expectations slightly adjusted amidst trade concerns.