IMF deputy head warns world to avoid global trade war
Source: BBC
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the world’s major economies, the International Monetary Fund (IMF) has told the BBC.It comes as concerns are heightened ahead of the possible re-election of Donald Trump.Trump says he plans to introduce a universal tax or tariff of up to 20% on all imports into the US, while the…
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