We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Dec 14, 202410:28pm

IMF warns trade war may affect economy during a generation

Kristalina Georgieva has warned that trade war would represent a loss of around 700 billion dollars for 2020 or about 0.8% of GDP.  

Oct 8, 2019 — 6:02pm
Mds
Save

IMF warns trade war may affect economy during a generation

 

 

In a context of political uncertainty and economic recension, the managing director of the International Monetary Fund (IMF), has warned about the effects of trade war, Brexit and geopolitical tensions, are holding back economic potential.

 

 “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.” has stated the executive.

 

 

 

 

In fact, tensions between two of the biggest economic powers are affecting already global economy. According to the executive of the IMF, the cumulative effect of trade conflicts could mean a loss of around 700 dollars billion by 2020, or about 0.8% of GDP.

 

In its speech, the successor of Christine Lagarde aimed for a more modern global trading system and has mentioned the importance of central banks to fulfill their mandates under difficult circumstances. The executive pointed that in 2019, they expect a slower growth in nearly 90% of the world.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...