Following an event hosted by the New York Times on Thursday, the International Monetary Fund (IMF) spokesman Gerry Rice warned that the global GDP could be reduced by 0.8%, in the face of the tariffs imposed or threatened by the US and China.
“I don’t see it in U.S. as that big an impact.”
“World economic activity remained subdued, with trade and geopolitical tensions causing uncertainty and eroding business confidence, investment and trade.”
“Trade tensions .... are not only a threat, but are actually beginning to weigh down the dynamism in the global economy.”
“U.S.-China tariffs “could potentially reduce the level of global GDP by 0.8% in 2020, with additional losses in future years.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.