IMF: Trade Wars Affect the Global Economy

Business » FINANCE | October 9, 2019, Wednesday // 09:43| Views: | Comments: 0
Bulgaria: IMF: Trade Wars Affect the Global Economy

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.

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Tags: Kristalina Georgieva, IMF, trade war, China, US
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