Shipping containers are stacked at the Port of Los Angeles in California. Investment bank CLSA thinks global trade could turn negative next year. Photo: Reuters
Shipping containers are stacked at the Port of Los Angeles in California. Investment bank CLSA thinks global trade could turn negative next year. Photo: Reuters

‘Shallow recession’ likely in the US as economy slows, trade war weighs on global growth, CLSA says

  • US economic growth could slow to 1 per cent next year, weighing on export-dependent economies, according to CLSA economist Eric Fishwick
  • If global trade contracts in 2020, it would be protracted period of world negative trade growth since 2008, 2009, Fishwick says

Shipping containers are stacked at the Port of Los Angeles in California. Investment bank CLSA thinks global trade could turn negative next year. Photo: Reuters
Shipping containers are stacked at the Port of Los Angeles in California. Investment bank CLSA thinks global trade could turn negative next year. Photo: Reuters
READ FULL ARTICLE