Finance ministers and central bankers who gathered in Washington for the IMF’s fall meetings in recent days said in interviews and public events that the biggest risks to the global economy are trade-related uncertainties and divisions among nations over how to reduce them.
Global economic growth has receded this year to its slowest pace since the 2009 recession, the IMF said. The main reason for the uneasiness has been the trade war between the U.S. and China, which the fund estimates to have left a Switzerland-size hole in the global economy. Escalating tariffs between the U.S. and China have disrupted supply chains, reduced investment and rattled financial markets, trimming global output by 0.8%, or about $700 billion, this year and next.
https://www.wsj.com/articles/officials-view-trade-uncertainty-as-biggest-global-economic-risk-11571497200
I think that this is a very fair analysis, without being able to have steady global trade, there will be a large amount of economies that will suffer severely because of this. I think that it is also interesting to see all of the other economies that suffer just because of the U.S. and China trade war.
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