IMF: Trade Wars Affect the Global Economy
- Tweet
Send to Kindle
Trade wars around the world have a strong negative impact on global economic growth. The International Monetary Fund has warned about this.
The Executive Director of the Fund Kristalina Georgieva commented that global losses could total $ 700 billion by 2020, or about 0.8% of GDP. For comparison, this is the approximate annual GDP of Switzerland.
The trade war between the United States and China has led to both a jump in prices for businesses and buyers and uncertainty in the market.
- » 15% Increase in the Banking System's Profit for the First Six Months of the Year
- » It is Possible For Bulgaria to Join the "Waiting Room" For the Euro Area by June 2020
- » The Euro Zone Budget Will Be Approximately EUR 17 Billion
- » Six Bulgarian Banks Rank in the Top 100 of the Largest Financial Institutions in Central and Eastern Europe
- » The Banks which Are Affected by Brexit Are Heading to Frankfurt
- » What Is Sure for Budget 2020: 10% Increase in Public Administration Salaries, as well as a Double Increase in Teacher Salaries
