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All-out trade war could cost global economy $1.2trn - chart

Aug 05 2019 15:38
By economists Dan Hanson and Tom Orlik

The recent escalation in the trade war could cost the already fragile world economy dearly. Modelling by Bloomberg Economics shows that global GDP would be 0.6% lower in 2021 if the market slumps during an all-out trade war, compared to a no trade war scenario.

That’s the equivalent of a $1.2trn hit to the global economy.

Collateral damage

us  |  china  |  world  |  economy  |  trade war
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