Recent Posts

Tags

Archive

Coronavirus Impact on Trade- End in Sight or Just the Beginning?

Anyone recall the uncertainty of the impact of tariffs on US trade? Now that we are in the coronavirus environment, uncertainty has expanded exponentially as the virus has spread out of China and is impacting other parts of Asia, the United States, Europe and the Middle East. Trade in the first quarter of 2020 has slumped dramatically. The World Bank has already reduced global gross domestic product projections for 2020 from 2.9 percent growth to 2.4 percent and suggests that it could go down a further full percentage point. The largest global economies have taken heed and are looking for economic measures to counter the downturn. A mix of interest rate cuts and monetary injections to boost

 

202-640 2057

©2017 by Hackett Associates, LLC