The US-China trade war could pose substantial risks to the US global economy



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IMF "전쟁 500 증발"

The International Monetary Fund warns the United States that its growing trade dispute with China could pose significant risks to the US economy.
The IMF also said the trade war could erase next year $ 455 billion of global GDP.
Lee Seung-jae reports.
With the trade war raging between the United States and China, the head of the IMF, Christine Lagarde, warned Thursday that the country could have significant risks to the US and global economy.

"Agree to eliminate the distortions that hinder growth and that will not only affect the economies of the countries directly affected, but will also have an impact far beyond their shores." And we firmly believe that a better integrated international policy system Commercial is actually conducive to this sustainable, strong and balanced growth, which is so much needed.And as I have said time and time again, no one wins a trade war and everyone suffers from it. "
During a speech in Washington, Ms. Lagarde said that for the global economy to work smoothly, it must be more open, stable, and transparent.
"We believe that for the global economy to work well, it needs a more open, stable, transparent, predictable and rules-based international trading system. The United States and its trading partners, including China, Mexico and other countries, will agree on a new system.
As part of a review of US policies, the international lender said its economy was poised to grow by 2 points-6% this year, … up from its growth forecast by 2 points-3% published in April, … adding that it was boosted by the easy conditions of the financial market.
However, the IMF said that a number of factors were threatening this positive outlook, and called on the Federal Reserve to delay the rise in interest rates, which would curb growth.
The warning from the IMF came when it came to a gloomy perspective on the global impact of the trade war.
Earlier this week, the IMF chief said in a briefing note to the G20 finance ministers and central bank governors that taxing all trade between the world's two largest economies would wipe out $ 455 billion billion dollars of global GDP next year, • a larger loss than the entire South African economy.
Lagarde also criticized the Trump administration 's efforts to reorganize global trade relations by continuing to raise tariffs, stressing the importance of solving the trade war with Beijing.
Lee Seung-jae, Arirang News.

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