JPMorgan, the largest world bank, estimated the possibility of a stagnation in the US economy as 60%and associated risks with the trade tariffs of Donald Trump administration. This was stated by Bank Bruce Casman’s chief economist, Bloomberg.
According to Casman, the US tasks on imports may cause a decrease in the global economy not only in the American, but also until 2025 if they are not canceled. The risk of global crisis increased from 40% to 60% throughout the year, reflecting the increasing tension in international trade.
“Tariffs have a domino effect. If Washington’s policy is preserved, it will hit supply chains and investments,” he said.
4 April Economic Doctor, Professor Andrey Nechaev announcedAs for tasks on imports of goods, American leader Donald Trump is trying to traditionally reduce the United States’s negative trade balance. However, if the Chinese and the European Union responds, the world economy may enter a stagnation.
April 1 Washington Post WrittenIf Donald Trump brings him the tasks given to him, the stock market is waiting for shock waves.
Pre -Global Trade Previously shown Revolution.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.