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
Topic |   China economy

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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
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