ANZ's latest look at developments leads with a not very pretty:
- Trade disputes between the US and its main trading partners are not being resolved quickly and are becoming more ingrained - raising downside growth risks.
(bolding mine)
Yep. the time to chill out on this escalating trade war is not now, K? Gonna get worse before it gets better - Merkel is on to something: Merkel warns that the US trade war may lead to a global financial crisis
More from:
- ANZ Global Lead Index (GLI) and Growth Trackers suggest momentum has passed its peak
Their piece goes on with further detail covering the global economy, monetary policy and more, but the growth warning was what jumped out at me.
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Hope for the best, but plan for the worst I reckon. Especially now.
