Global Growth Outlook 09/2018

The Trump Risk. Trade and currency disputes threaten world economic growth

The trade disputes between the United States and the People’s Re-public of China, the EU and other countries have substantially in-creased investment uncertainty and risk aversion on the financial markets. Worst hit by Trump’s trade measures have been the external value of the Renminbi, the Shanghai stock market, the global steel and aluminium industry, and the business prospects of companies worldwide.