Quarterly Economic Review: Us/China Trade Dispute Weighs Heavily on Outlook
The broader, global view…
- The ongoing and often vicious trade dispute between the US and China has led to a material slowdown in global trade during the first half of 2019;
- Major Central banks, in particular the US Federal Reserve (FED) and the European Central Bank (ECB) have indicated that they will probably provide additional stimulus during the second half of the year to help offset some of the weaknesses caused by the slowdown in global trade;
- South Africa has not been immune to the negative effects of the trade disputes and export performance in 2019 has been adversely affected by the slowdown