Editorial: La Vanguardia

• The world economy faces rough waters due to the protectionist shift of the United States led by President Trump, making it difficult to predict its evolution.
• The Organisation for Economic Co-operation and Development (OECD) predicts a slowdown in global economic growth and an increase in inflation.
• Tariff barriers lead to pressure on prices, fewer exchanges and higher costs, which dampens corporate investment and consumer spending.
• Despite global economic setbacks, Spain shows dynamism, anticipating above-average growth in the coming years.
• Trade wars are damaging for everyone. The United States will see their growth reduced, and Canada and Mexico will be particularly affected by the new tariffs.
• In the euro zone, growth is also slowing down, mainly due to the weakness of the German economy.

Conclusion: OECD outlooks are expected to worsen as Trump's trade war intensifies. This conflict is causing market fragmentation, a slowdown in trade and the global economy, as well as an increase in inflation.

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