BERLIN (Reuters) – If the trade conflict between the United States and other countries intensifies, it could negatively impact the global economy and there are indications this is already happening, the head of the World Trade Organization warned in newspaper.
Asked if there was a risk for the global economy, WTO Director-General Roberto Azevedo told business daily Handelsblatt: “Absolutely. If the trade dispute escalates, there’s the risk of a global downturn and we’re already seeing signs that this downward process has already started.”
He said it was crucial to maintain dialogue to avoid an escalation.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com