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Trump trade war could shrink world output by 1%, says ECB's Coeure

Coeure said the prospect of a trade war was not being discussed by the ECB and its effects on inflation would only become visible in the long term

Reuters  |  CERNOBBIO, Italy 

A trade war triggered by U.S. tariffs would cause a global recession - and the mere fear of one is already hurting the economy, European Central Bank board member Benoit Coeure said on Friday. Investors have been wondering whether an economic slowdown, aggravated if not caused by global trade tensions, could delay the end of the ECB's exit from its aggressive monetary stimulus, aimed at boosting inflation in the euro zone. Coeure said the prospect of a trade war was not being discussed by the ECB and its effects on inflation would only become visible in the long term. But ...

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First Published: Fri, April 06 2018. 20:48 IST
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