What truce? US-China trade war uncertainty still weighing on global growth, Morgan Stanley says as it cuts outlook

//What truce? US-China trade war uncertainty still weighing on global growth, Morgan Stanley says as it cuts outlook

What truce? US-China trade war uncertainty still weighing on global growth, Morgan Stanley says as it cuts outlook

Morgan Stanley has cut its outlook for global growth, saying continued uncertainty over the US-China trade war was having a “more pronounced” effect on business confidence and outlook for economic expansion.In a research note dated Sunday, the investment bank said it had cut its expectations for global gross domestic growth by 20 basis points to 3 per cent for 2019 and to 3.2 per cent for 2020.The outlook cut came as US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to…

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By | 2019-07-01T11:26:53+00:00 July 1st, 2019|Business|Comments Off on What truce? US-China trade war uncertainty still weighing on global growth, Morgan Stanley says as it cuts outlook