Bloomberg (October 17)
2019/ 10/ 18 by jd in Global News
“The IMF estimates that the U.S.-China trade war has shaved 0.8 percentage points off global growth,” but “the costs of tariffs could prove higher than just an economic slowdown.” The largely neglected threat is that the “slowdown, combined with a decade of ultra-loose monetary policy, could cause a wave of defaults among corporations. This double whammy could threaten the world’s financial stability.”
Tags: China, Costs, Defaults Financial stability, Global growth, IMF, Monetary policy, Slowdown, Tariffs, Trade war, U.S.
