In the decade since the financial crisis, central bankers around the world have taken on the mantle of reinvigorating the global economy. By keeping interest rates low and buying up trillions of dollars' worth of government bonds and other assets, these institutions helped to prop up growth at a time when the world desperately needed it.
The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponizing currency and interest-rate policies.
Factory activity in Asia weakened in September, with many trade- reliant economies seeing a slump in export orders in a sign that escalating U.S.-China tensions are taking a toll on business confidence.
The escalating trade war initiated by United States President Donald Trump is a major threat to world trade and the global economy. The developing countries will be among those most affected. It is time for them to respond and speak out.
The International Monetary Fund (IMF) warned world economic leaders that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threatened a major escalation in a dispute with China.
How big a threat to the world economy are the trade conflicts between the US and its principal trading partners, not only China, but also traditional allies? The answer is it depends on how bad the protectionism becomes and how dire the results would be. But it makes sense to worry: the risks are quite big.