Blog posts tagged by tag: Trade
The pounding of the trade war drums is growing ever more deafening, with the U.S. and China currently engaged in an escalating, tit-for-tat tariff battle. The latest salvo came on 23 August when a fresh raft of tariffs came into force and two days of trade talks in Washington drew a blank. Many are still hopeful that common sense will prevail, but what if negotiations fall through? What would happen if analysts’ worst fears are realized, and we enter a full-blown trade war? What would be the impact on the export-oriented economies of the ASEAN region?
By Guest Author: Professor Arthur S. Guarino, MBA, MSSc, JD, Rutgers University
“When goods do not cross borders, soldiers will.” – Frederic Bastiat, French economist (1801-1850)
Trade protectionism is re-emerging as a controversial tactic among policymakers and economists in enhancing a nation’s economic well-being. Trade protectionism has been used with the intent of helping a nation recover from an economic downturn. However, in many instances the opposite effect occurred in which not just one but many nations suffered economic setbacks such as a recession or even a depression. In order to understand trade protectionism, it is necessary to know why it is done and what the effects are on an economy.
Morning sickness hit global markets this morning, as the world begins to digest the political earthquake that took place yesterday. Declines were recorded in major stock indices and currencies fluctuated as Republican candidate Donald Trump astounded pollsters and won the U.S. presidential election, after a divisive and controversial campaign. The result surprised the vast majority of our analysts, over 80% of whom had expected a victory for Democratic candidate Hillary Clinton, and has heightened global uncertainty dramatically. Our analysts saw Clinton as having a better economic plan, a better grasp of economics and assembling a better economic team than Trump, which combined would help fuel faster growth in the U.S. As a result, the surprise election of Trump has cast a cloud over the outlook of the world’s largest economy. While Trump’s inconsistent and impractical campaign pledges make it difficult to decipher the impact his Presidency will have, major policy changes in the U.S. could have spillover affects felt across the globe.
2017 is shaping up to be a tough year for the UK post-Brexit. Economic analysts are projecting the economy to decelerate substantially to just 0.3% growth, fixed investment is seen falling drastically, exports are expected to plummet, the pound has taken quite a tumble... and that's just the beginning. Have a look at the latest forecasts for the UK:
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