Global Economics Monthly Review
March 13, 2018
Global growth has accelerated in 2017 and is expected to remain solid in 2018. However, there are some risk to the growth outlook, among them a potential trade war. The Trump administration has announced recently several new steps in US foreign trade relations. These actions have some potential for escalation to the point of a global macro-economic event including a slowdown in international trade, a slowdown in economic growth, and an increase in volatility in financial markets. The March monthly global economics report includes an article by Dr. Gil M. Bufman, the Chief Economist, on the current developments which may lead to a trade war in the future.
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