Trade Tensions on the Rise – July 2018
Risk to world growth from trade tensions escalating.
- 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: