With trade tensions running high, no one should be surprised by this outlook. That rather blunt assessment comes from WTO Director-General Roberto Azevedo, who earlier this week detailed the rationale behind the organization's downgraded outlook for global trade. "Trade cannot play its full role in driving growth when we see such high levels of uncertainty", he continued, before warning that "if we forget the fundamental importance of the rules-based trading system we would risk weakening it,
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One thought on “Trade-Offs.

  1. Have long speculated because the huge emphasis on the China Deal would cause an overshoot situation whereby Europe winds up a loser. This is a zero sum game especially with downward trends described in this post solidly entrenched

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