Fed says trade uncertainty to trim US$ 850 bil. from global GDP


the US Federal Reserve says the us-china
trade war and other trade as certainties are likely to cut global GDP by 1% or
around 850 billion u.s. dollars through early next year the research by the Fed
is among the first attempts by central bank researchers to quantify the effects
of the escalating trade tensions under the trump administration by analyzing
newspaper articles and corporate earning calls the prepare the paper said growing
trade uncertainties have pulled back corporate investment and production
around the world and it’s likely to also drag down US GDP by 1% or about 200
billion dollars

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