Senior EU Official sees trade tensions as single most important risk to global economic growth

Dhwani Mehta FXStreet

At a briefing ahead of the G7 Summit over this weekend, a senior European Union (EU) came out on the wires, noting that G7 could defuse some trade tensions.

Additional Comments:

There is a blueprint for positive developments in EU-US trade ties.

See trade tensions as single most important risk to global economic growth.

EU remains strongly of the view the reasons for Russia exclusion for G8 remain valid today.

Markets show no reaction to the comments, as the sentiment remains buoyed by upbeat Euro area PMI readings ahead of the ECB minutes and Fed’s Jackson Hole Symposium.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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