Trump's trade wars sent global investment tumbling – World Bank – The Guardian

Trump’s trade wars sent global investment tumbling – World Bank  The Guardian

Donald Trump’s trade wars with China, Mexico and Europe have sent global investment tumbling, according to a World Bank report that forecasts worldwide growth this year will slip back to levels not seen since 2016. The Washington-based lender to developing world countries said in its half-yearly global health check that spiralling political uncertainty was to blame for a slowdown in trade and a collapse in investment spending that will push down GDP growth to 2.6% this year “before inching up to 2.7% in 2020”. The decision by the Trump administration to impose higher tariffs on Chinese impo…

Source: Investment New Feed