The Organization for Economic Co-operation and Development (OECD) emphasized the threat of falling trade growth from the U.S.-China trade war at the global economic outlook forum this week, urging participating governments to "reignite multilateral trade discussions."

Threat level: OECD Secretary-General José Ángel Gurría said "the world economy is in a dangerous place" at the forum, Reuters reports. “Clearly the biggest threat is through the escalation of trade restriction measures, and this is happening as we speak."

What they found:

  • OECD found that 2019's Q1 has brought the lowest levels of trade growth since 2016.
  • Trade tensions with China and high levels of debt are key risks for the U.S. — and economic actions taken against China "might continue to fuel non-financial corporate debt, already at a record high level."
  • Private sector debt is also growing fast in major economies across the globe.

Go deeper: The world can't afford a trade war right now

Go deeper

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases
15 mins ago - Technology

Exclusive: Where Trump and Biden stand on tech issues

Photo illustration: Aïda Amer/Axios. Getty Images photos: Win McNamee and Saul Loeb/AFP

Joe Biden has laid out a more concrete tech agenda whereas President Trump has focused on tax cuts and deregulation while criticizing tech firms for anti-conservative bias. That's according to a side-by-side analysis of the two candidates' tech records by the Information Technology & Innovation Foundation shared exclusively with Axios.

Why it matters: The tech industry needs to prepare for either four more years of Trump's impulsive policy approach or for a Biden administration that's likely to be critical of tech but slow to take action.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

Expand chart
Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.