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Tags: trade war | global | economy | 600 billion

Bloomberg Economics: All-Out Trade War Could Cost Global Economy $600B

Bloomberg Economics: All-Out Trade War Could Cost Global Economy $600B
(Guernica/Dreamstime)

Tuesday, 21 May 2019 11:45 AM

The escalation of the U.S.-China trade war adds to risks for an already-stumbling global economy, denting expectations of a stronger second half to the year.

Should U.S. tariff measures announced this month and the Chinese retaliation stay in place for two years, global GDP could be 0.3% lower by mid-2021, according to Bloomberg Economics’ estimates.

In an all-out trade war, global GDP would be lower by 0.6% -- close to $600 billion -- relative to a no trade war scenario.

© Copyright 2022 Bloomberg News. All rights reserved.


Economy
The escalation of the U.S.-China trade war adds to risks for an already-stumbling global economy.
trade war, global, economy, 600 billion
80
2019-45-21
Tuesday, 21 May 2019 11:45 AM
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