IMF: US-China trade war threatens global stability

Tuesday, 26 March 2019 17:31:49 (GMT+3)   |   Istanbul
       

David Lipton, first deputy managing director of the International Monetary Fund (IMF), has stated that the US-China trade war is the biggest threat to global stability at the moment, as reported by Reuters. Mr. Lipton went on to say that fiscal stabilization is crucial in Europe to avoid economic shocks.

The trade tensions between the US and China began about eight months ago and have affected a flow of goods worth billions of dollars between the world’s two biggest economies.

Lipton also said Britain’s planned exit from the European Union was also giving way to uncertainty both in Europe and globally, according to Reuters.


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