Global trade tensions that are hitting growth and investment need to be dealt with at a multilateral level, the OECD's chief economist told CNBC Tuesday.
"It's trade tensions and disputes that have derailed global growth," Laurence Boone said. "It wasn't only the only thing — we had Argentina, we had Turkey, we had some volatility in financial conditions but it has definitely been a very important part as trade and investment have weakened hand in hand."
"Vulnerabilities stem from trade tensions, high policy uncertainty, risks in financial markets and a slowdown in China, all of which could further curb strong and sustainable medium-term growth worldwide," the OECD said.
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