According to Tony Kelly, Senior Economist at NAB, trade tensions have been on the rise recently and a worrying cycle of retaliation and counter”‘retaliation is emerging.
Key Quotes
“Measures currently being threatened would have some impact on the global economy, it would likely be manageable.”
“However, if their implementation kicked off a further and more widespread cycle of retaliation it has the potential to lead to a more sizable shock to global growth, which would also impact on Australia.”
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