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US-China trade war: Protectionism a key downside risk for the world economy

The outlook for inflation this year was trimmed for most economies too, with lower lows and lower highs

Us Import Tariffs  |  Xi Jinping  |  Central Banks

Reuters  |  Bengaluru 

A synchronised global economic slowdown is underway and any escalation in the US-China trade war would trigger a sharper downturn, according to Reuters' polls of hundreds of economists from around the world. That is a major shift in sentiment from just a year ago when economists were optimistic about a significant global upturn. But an escalation in trade tensions and tightening financial conditions have hurt activity in most economies and dragged China's growth last year to the weakest in 28 years. Reuters' surveys over the past two years have repeatedly ...

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First Published: Fri, January 25 2019. 05:45 IST