Bloomberg Daybreak: Europe Edition OECD Slashes Growth, Dutch Government Falls, KKR Quits Thames Bid
Jun 3, 2025
The OECD has dramatically slashed global growth forecasts, largely due to the impacts of Donald Trump's trade policies. This downturn adds pressure as negotiations with China and Europe stumble. In the Netherlands, political upheaval strikes as far-right lawmaker Geert Wilders leads his party out of the coalition, causing the government to collapse. Meanwhile, KKR's withdrawal from a Thames Water rescue deal marks a significant setback for the utility sector, highlighting shifting dynamics in private credit markets.
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OECD Slashes Growth Forecasts
- The OECD cut global growth forecasts mainly due to US trade policies under President Trump.
- Uncertainty from tariffs and trade tensions is severely impacting economic sentiment and forecasts.
High-Level Call Could Ease Tensions
- A high-level call between Trump and Xi Jinping could ease tensions in trade talks.
- However, without such engagement, tariff disputes and uncertainties are likely to continue.
Dutch Government Collapses Over Migration
- Far-right leader Geert Wilders withdrew his party from the Dutch coalition over migration policy disagreements.
- His proposed strict migration measures caused the government collapse and triggered snap elections.