Trade Tensions on the Rise – July 2018

Risk to world growth from trade tensions escalating.

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Overview:

  • Trade tensions have been on the rise recently and a worrying cycle of retaliation and counter‑retaliation is emerging.
  • While measures currently being threatened would have some impact on the global economy, it would likely be manageable.
  • However, if their implementation kicked off a further and more widespread cycle of retaliation it has the potential to lead to a more sizable shock to global growth, which would also impact on Australia.

 

For further details please see the attached document: