Reported 11 months ago
The increasing imposition of tariffs, particularly by the European Union and the United States against China, poses significant risks to global economic growth, potentially resulting in a loss of 0.5% of global output by 2026, according to IMF chief economist Pierre-Olivier Gourinchas. The rise in trade tensions has led to more than 3,000 trade-distorting measures, raising concerns about trade policy uncertainty and its effects on inflation and central bank policies.
Source: YAHOO