At a large level, trade war will have a serious impact on global economic growth and there will be no winner. In the trade war between the US and China, World Trade Organization Director General Roberto Azevedo warned on Tuesday.
Among the growing tensions between the US and China, Azevedo said in the Berlin Industry program, "Warnings are clearly visible.Stress increases, stability, employment and the kind of development we are seeing today, there will be a danger"
Azevedo said that the trade war will affect global trade cooperation at a large level and this could reduce the global trade growth by about 70 percent. He said that apart from this, global GDP growth will also fall. European Union's GDP growth could fall to 1.9 percent.
No comments:
Post a Comment