The country’s central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, down from it’s previous estimate of 0.6%.

Global economic growth will fall below 3% this year, according to the OECD. Plus: how steel and aluminum tariffs could drive up grocery prices.

President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than expected.