Another global policy organisation warns the worldwide economy is losing steam.

Hello, this is the Marketplace Morning Report, and we're live from the BBC World Service.

I'm Leanna Byrne. Good morning.

So rising trade tensions, sticky inflation and ballooning government debt aren't helping the global economy.

That's the warning from the OECD and its latest

economic outlook. Growth is forecast as slow. Living standards are under pressure and the organisation

says protectionism is making things worse. So what can governments do to turn things around? Well,

the OECD's chief economist is Alvera Pereira and he can tell us. Hello. Hello, morning. Good morning. So this forecast paints quite a bleak future in terms of global growth. And you place the problem pretty squarely at the tariffs and trade barriers. So how concerned are you that we're heading towards a worldwide economic crisis? Well, we are forecasting that basically we're downgrade

for almost everybody. Times are definitely challenging. There's been a significant increase in

trade uncertainty. Business and consumer confidence have come down. We are forecasting still that

the world economy will continue to be fairly resilient growth of about 2.9% this year and the next.

There's some countries that are more vulnerable to tariffs than others, aren't there?

Well, the countries that were subject to the biggest downgrade of our forecasts are the ones

that are more affected by tariffs. That means the United States, Canada, Mexico. Those are

the ones that they are so integrated. But other countries

also, of course, they have significant downgrades, especially if they are very dependent on trade

for them to grow. The report says governments should really revive growth. What does that really

mean in practice? Well, first of all, and foremost, avoid further trade fragmentation. That's the most

important policy

recommendation right now. Secondly, we think that reviving investments should be a top priority.

Since the global financial crisis, just to give an idea, there's been a downfall of investment

about 22%. So policies to boost investment will be key. Now, you're talking about investment,

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