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WTO chief warns of global downturn if trade dispute escalates

Reuters  |  BERLIN 

(Reuters) - If the trade conflict between the and other countries intensifies, it could negatively impact the global economy and there are indications this is already happening, the of the warned in newspaper.

Asked if there was a risk for the global economy, WTO 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.

(Reporting by Michelle Martin; Editing by Madeline Chambers)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 11:55 IST