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Quarterly updates on the outlook for the global economy from Chief Economist Dana M. Peterson
July 11, 2018 | Report
Among business leaders around the world, trade policy risk has overtaken economic and individual-country risks as the biggest concern. Potential trade disruptions may create uncertainty, causing firms to hold back on investment and hiring. If trade restrictions spiral out of control, they will create significant downside effects. The bigger risk for the medium term is that tit-for-tat increases in trade barriers will create permanent inefficiencies for global supply chains.
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