In the event of a no-deal Brexit, the United Kingdom would lose 3% of its gross domestic product (GDP), Gita Gopinath, chief International Monetary Fund economist, said on Tuesday. Regarding the impact of the United States (US)-China trade conflict on the global economy, Gopinath argued that the impact of the dispute on global GDP would be reduced if the Trump administration were to suspend October and December tariffs. “IMF estimates that global GDP would be reduced by 0.6% in 2020 if October/December tariffs do not take effect, instead of 0.8% reduction,” Gopinath added. “We do not project recession in baseline in the next several months.” These comments had little to no impact on market sentiment. 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 The co-founder of Morgan Creek says its better for retail crypto investors to “HODL” FX Street 4 years In the event of a no-deal Brexit, the United Kingdom would lose 3% of its gross domestic product (GDP), Gita Gopinath, chief International Monetary Fund economist, said on Tuesday. Regarding the impact of the United States (US)-China trade conflict on the global economy, Gopinath argued that the impact of the dispute on global GDP would be reduced if the Trump administration were to suspend October and December tariffs. "IMF estimates that global GDP would be reduced by 0.6% in 2020 if October/December tariffs do not take effect, instead of 0.8% reduction," Gopinath added. "We do not project recession in… 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.
