The OECD indicated that President Trump's aggressive trade policies have suddenly put the Global economy on a path of slowing growth and rising inflation, and if tensions escalate, the situation could significantly worsen. The Institutions downgraded the outlook for most members, projecting that the pace of Global economic expansion will slow to 3.1% this year and to 3% by 2026, due to barriers limiting trade activities and a surge in uncertainty hindering corporate investment and Consumer spending.