Read more at https://www.channelnewsasia.com/news/business/imf-downgrades-world-growth-warns-of-precarious-2020-11747276
(Updated: )
Danny Lum
the United States, which is at the centre of most of the trade tensions.
Global trade tensions and continued uncertainty are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday (Jul 23).
Trade conflicts are undercutting investment, and the IMF urged countries not to use tariffs in place of negotiations.
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(1) Trump and his administration is the root cause of Global Economic slowdown --- and should be held responsible for the Global mess cause by him.
Global trade tensions and continued uncertainty are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday (Jul 23).
Trade conflicts are undercutting investment, and the IMF urged countries not to use tariffs in place of negotiations.
--
(1) Trump and his administration is the root cause of Global Economic slowdown --- and should be held responsible for the Global mess cause by him.
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Danny Lum
Posted on :- Fri 20 Jan, 2017 3:26 AM IST
The current scenarios of Global trade war started by Trump - is the exact scenario in 1930 Deep Depression - that started World War 2
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Posted in – Fri 20 Jan, 2017 3:26 AM IST
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
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"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
The current scenarios of Global trade war started by Trump - is the exact scenario in 1930 Deep Depression - that started World War 2
--
Posted in – Fri 20 Jan, 2017 3:26 AM IST
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
----
"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
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