Tag: trade warChina

US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

Newsroom24x7 Network The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings says. Global GDP growth would slow to 2.7% this year and 2.4% next year, compared with our latest “Global Economic Outlook” baseline forecasts of 2.8%

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