Maurice Obstfeld, economic counsellor and director of the Research Department at the International Monetary Fund, holds a press briefing on the World Economic Outlook during the 2018 Spring Meetings of the IMF and World Bank Group in Washington. International bodies such as the IMF and OECD have discouraged confrontational trade tactics, but have they been too optimistic in assessing the consequences? Photo: AFP
Anthony Rowley
Opinion

Opinion

The View by Anthony Rowley

From the IMF to the global stock and bond markets, we’re taking the trade war far too lightly

Anthony Rowley says neither the prices of stocks and bonds, nor the steady growth forecasts by global organisations like the IMF, are sensible when the escalating trade confrontation between the US and so much of the world threatens supply chains everywhere

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Maurice Obstfeld, economic counsellor and director of the Research Department at the International Monetary Fund, holds a press briefing on the World Economic Outlook during the 2018 Spring Meetings of the IMF and World Bank Group in Washington. International bodies such as the IMF and OECD have discouraged confrontational trade tactics, but have they been too optimistic in assessing the consequences? Photo: AFP
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