Brace for the global economic slowdown

Trump’s on-off trade war is deteriorating, and its impact is adding on more uncertainty in an already turbulent, troubled world.

AS I write, the state of the world economy worsens.

The global downturn has begun. Trump’s on-off trade war is deteriorating, and its impact is adding on more uncertainty in an already turbulent, troubled world.

Just last week (ended Aug 14), US stocks ended on a down (S&P 500 fell 3.3% so far in August), capping a trying week in which investors ricocheted between riskier and safer assets, amid advances and retreats of the US-China trade tensions; and watched warily as currency markets emerged as a new front in the dispute following Trump’s designation of China as a “currency manipulator”.