Trade war doesn’t account for much of the global slowdown

The direct effects of the trade war on global GDP have so far probably been negligible. The indirect impact, via weaker confidence and investment, has been bigger. But we estimate that even this accounts for just a quarter of the slowdown in global growth over the past year.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.