Wednesday Briefing: A Downgrade in Global Growth

The U.S.-led trade war could shake up the world economy, with forecasts predicting slower growth in the U.S., China, and Europe this year due to tariffs, inflation rising, and output expected to drop from 3.3% to 2.8%. The International Monetary Fund also expects global growth to slow further next year, while its chief economist describes the current economic system as being "reset" due to trade policy uncertainty.