An escalation of the US-China trade war has unnerved investors and increased fears that an economic downturn is on the horizon. Photo: Roy Issa
Will the escalating US-China trade war and its catastrophic aftermath push the global economy into its next recession?
- The risk of a recession will rise if the trade dispute is prolonged and escalates further, economists and portfolio managers said
- The world’s two largest economies had appeared closer to a trade deal earlier this month
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US-China trade war
An escalation of the US-China trade war has unnerved investors and increased fears that an economic downturn is on the horizon. Photo: Roy Issa