Analysts at Danske Bank note that the IMF has already slashed their 2018 growth outlook, with global GDP set for 3.7% y-o-y, the same as in 2017, but down from 3.9% in July, due to trade war (apparently so terrible it takes things back to where we were last year growth-wise).
Key Quotes
“Also worth noting is that Greece is seen growing faster than the US, again due to trade war, and that Venezuelan inflation is seen at 10,000,000% y-o-y.”
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