US-China trade war could accelerate global downturn, say economists

More tariffs from Washington will be a major drag on Chinese growth, JP Morgan says, as its predicts more Fed rate hikes The US-China trade... thumbnail 1 summary

More tariffs from Washington will be a major drag on Chinese growth, JP Morgan says, as its predicts more Fed rate hikes

The US-China trade standoff will continue to weaken confidence in the global economy into next year, economists have warned, as the increasingly gloomy outlook for growth dragged on share markets across the world.

Plunging oil prices and intensifying concerns about technology stocks in the US spread contagion to Asia Pacific markets on Wednesday after renewed losses on Wall Street.

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from US news | The Guardian https://ift.tt/2znDI3L

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