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World faces danger from trade war escalation

US President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing [Photo, Reuters]

It was a stark warning about the risks ahead for the global economy, even by the forthright standards of the boss of the Organisation for Economic Co-operation and Development.

“The world economy is in a dangerous place,” Angel Gurria said as the OECD announced its latest, lower forecasts for growth on May 21.

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