The trade war between the U.S. and China could mean the loss of around $700 billion for the global economy by 2020.
The trade war between the U.S. and China could mean the loss of around $700 billion for the global economy by 2020, the new head of the International Monetary Fund said Tuesday.
The IMF has been warning of trade disputes ever since the Trump administration took office but now “we see that they are actually taking a toll, Georgieva said.“Even if growth picks up in 2020, the current rifts could lead to changes that last a generation — broken supply chains, siloed trade sectors, a “digital Berlin Wall” that forces countries to choose between technology systems,” Georgieva said.
Georgieva’s comments came ahead of the IMF/World Bank annual meetings, set to take place later this month in Washington. “In 2019, we expect slower growth in nearly 90% of the world. The global economy is now in a synchronized slowdown,” Georgieva said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
West Elm, A Fair Trade Pioneer, Falls Short On 2020 Sustainability GoalThe home furnishings company wanted 40% of its products to be Fair Trade certified by 2020. It has a long way to go.
Read more »
A new smaller, cheaper iPhone could boost sales in early 2020, top Apple analyst Kuo predictsKuo's estimates suggest that Apple is selling a higher proportion of low-cost iPhones than last year.
Read more »
The Best Nail Art From the Spring 2020 RunwaysSome days Ballet Slippers just won't do.
Read more »
4 Ways to Look Feminine and Powerful 2019 / 2020 » Fashion AllureAs a woman, you’re already feminine and powerful: but you want your fashion to complement that, too. There’s no reason your fashion can’t encompass both your femininity and power and make a bold statement which declares that yes, you’re a woman: but you’re a force to be reckoned with, too.
Read more »
9 Spring 2020 Fashion Trends To Avoid When You’re Over 40 - fountainof30.comSome women over 40 can look fabulous wearing even the worst spring 2020 trend. But here are the Spring 2020 fashion trends to avoid when you're over 40.
Read more »