‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says

//‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says

‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says

The United States is likely headed towards a “shallow recession” and world trade could turn negative next year as a slowing economy and an escalating dispute with China weighs on global growth, according to Eric Fishwick, chief economist at Hong Kong-based investment bank CLSA.If world trade growth contracts in 2020, it would be the first protracted period of negative growth since 2008 and 2009, the height of global financial crisis, he said.“We are already at the weakest point in terms of…

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By | 2019-09-09T12:00:07+00:00 September 9th, 2019|Business|Comments Off on ‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says