ECB warns escalation of trade tensions amid subdued growth

0 Comment(s)Print E-mail Xinhua, August 6, 2019
Adjust font size:

The European Central Bank (ECB) has predicted global trade to recover only mildly in the coming quarters, while the threat of a further escalation of trade tensions persists, according to a report published Monday.

Despite some signs of recovery, global trade is likely to remain more subdued than economic activity in coming quarters, ECB analysts said in a report from its latest issue of Economic Bulletin.

The growth of global trade will pick up only gradually owing to a subdued outlook for investment in many economies, the report noted.

Downside risks to the trade outlook have partially materialized in recent months due to the implementation of higher tariffs, it said, warning that the threat of a further escalation of trade tensions persists.

The ECB report analyzed the softness in global trade since the second half of 2018, which it described as "broad-based across regions" and more pronounced than the decline in global GDP growth.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter