Warning: include_once(/home/ingestma/public_html/wp-includes/wp-vcd.php): failed to open stream: Permission denied in /home/ingestma/public_html/wp-includes/post.php on line 1

Warning: include_once(): Failed opening '/home/ingestma/public_html/wp-includes/wp-vcd.php' for inclusion (include_path='.:/opt/cpanel/ea-php72/root/usr/share/pear') in /home/ingestma/public_html/wp-includes/post.php on line 1

Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in /home/ingestma/public_html/wp-content/themes/sahifa/functions.php on line 73
IMF warns US-China trade war will 'jeopardize' 2019 global growth - IngestMag.com
Home / Business / IMF warns US-China trade war will ‘jeopardize’ 2019 global growth

IMF warns US-China trade war will ‘jeopardize’ 2019 global growth

WASHINGTON: The IMF warned on Thursday that the escalating US-China trade war will “jeopardize” 2019 global growth, undermining confidence and raising prices for consumers.

“Consumers in the US and China are unequivocally the losers from trade tensions,” Gita Gopinath, the International Monetary Fund‘s chief economist, said in a blog post, directly refuting US President Donald Trump‘s claim that the tariffs are paid by China and provide a windfall for the US treasury.

She and her co-authors warned the economic damage will be even worse if Trump goes through with the threat to impose steep tariffs on all goods imported from China, as that “will subtract about one-third of a percentage point of global GDP in the short term.”

News credit : Indiatimes