A snack bar employee makes change for a customer. (Photographer: Luke Sharrett/Bloomberg)
(Bloomberg) --
(Bloomberg) --
The recent escalation in the trade war could cost the already fragile world economy dearly. Modelling by Bloomberg Economics shows that global GDP would be 0.6% lower in 2021 if the market slumps during an all-out trade war, compared to a no trade war scenario. That’s the equivalent of a $1.2 trillion hit to the global economy.