China’s technological decoupling with the US and Europe could hit the global GDP harder than seen in the recent trade war, Helge Berger, head of the International Monetary Fund (IMF) China mission said in an interview with Bloomberg Television Friday. Key quotes “The world is such an integrated place.” “If you stop exchanging knowledge across countries or borders you will ultimately pay a price, and this could be fairly high.” “The tensions around the US-China relationship are one of the risk factors that we look at. This is a constant concern.” “Tariffs between the two countries subtracted from growth last year and will do so again this year, estimating the global impact at about 0.4% of GDP.” “But things could become more difficult if we allow technological decoupling to take place between the US and China, between other countries like Europe.” “So, it is important that these two large, very important economies that are such a large part of where the global economy goes find a way to work together.” Related reads China’s GDP sees a record expansion of 18.3% YoY in Q4 2020 vs 18.9% expected S&P 500 Futures step back from record top as US Treasury yields pare weekly loss FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Dr. Fauci: J&J’s vaccine will ‘get back on track soon’ FX Street 2 years China's technological decoupling with the US and Europe could hit the global GDP harder than seen in the recent trade war, Helge Berger, head of the International Monetary Fund (IMF) China mission said in an interview with Bloomberg Television Friday. Key quotes "The world is such an integrated place." "If you stop exchanging knowledge across countries or borders you will ultimately pay a price, and this could be fairly high." "The tensions around the US-China relationship are one of the risk factors that we look at. This is a constant concern." "Tariffs between the two countries subtracted from growth… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
