Global investment, economic growth, and business confidence have dropped to record lows this year, the World Bank said in a report published on Tuesday. President Donald Trump's trade wars have largely contributed to the global slowdown, the report said. The World Bank also attributed global slowdown to"renewed financial turmoil in emerging and developing economies" and"a more abrupt deceleration of economic growth.
Global investment, economic growth, and business confidence have dropped to record lows this year, the World Bank said in a report published on Tuesday. President Donald Trump's trade wars have largely contributed to the global slowdown, the report said. The World Bank also attributed global slowdown to"renewed financial turmoil in emerging and developing economies" and"a more abrupt deceleration of economic growth.
Source: News Formal (newsformal.com)
Nice leftist spin, Business Insider. It’s not a “Trump trade war”... it’s a China trade war, started by them decades ago. Trump just happens to be the first US President who has the balls to retaliate to their inequitable trade practices and stealing of intellectual property.
Funny thing is that global does not equal USA
It was obvious from the start that this was a bad idea. Such ideas entered US into a depression. Trump wants to repeat?
'wars'? It's called negotiation and it takes two to tangle. I would have thought as a 'business Insider' you would have understood that.
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