IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP

US-China trade war may cost US$700 billion by 2020 in synchronised global slowdown, new IMF chief says

  • Global growth rate this year is expected to slow to lowest rate in a decade, new IMF head Kristalina Georgieva says
  • Global corporate debt at risk of default in event of global downturn would be higher than during global financial crisis, the economist warns
Topic |   US-China trade war

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IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP
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US President Donald Trump and Chinese President Xi Jinping will not participate in the high-level trade talks in Washington next week. Photo: AP

China, US seen to have good reasons to reach interim trade deal next week, but agreement far from assured

  • Negotiators from China and the United States will meet for the 13th round of high-level trade negotiations next week in Washington
  • It is unclear whether either side is willing to make the concessions necessary for a deal, although impeachment proceedings against Donald Trump could play a role
Topic |   US-China trade war

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US President Donald Trump and Chinese President Xi Jinping will not participate in the high-level trade talks in Washington next week. Photo: AP
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