Reported 3 days ago
Klaas Knot, a member of the European Central Bank, cautioned that a potential trade war initiated by the US could lead to China exporting deflation to Europe by selling goods at lower prices. He highlighted this trend in the steel market and noted the negative impacts a trade war could have on global economic growth and inflation. Knot emphasized the need for cautious wage demands in Europe to avoid excessive inflation.
Source: YAHOO