The latest Reuters polls of hundreds of economists from around the world showed that any escalation in the US-Sino trade war would trigger a sharper downturn in the ongoing global economic slowdown.
“In the latest Reuters polls of more than 500 economists taken this month, growth this year was cut for 33 of 46 economies the respondents were asked about and left unchanged for 10. Predictions for only three smaller economies were marginally upgraded.
The outlook for inflation this year was trimmed for most economies too, with lower lows and lower highs.
Over half of nearly 270 economists who answered an additional question said a further escalation in the U.S.-China trade war will likely trigger an even sharper global economic slowdown this year.”