Trade war impact: A cargo ship from China arriving at the Port of Los Angeles. Bloomberg Economics estimates that the cost of the US-China trade war could reach US$1.2 trillion by 2021, with the impact spread across the Asian supply chain. — AFP
HONG KONG: Two of the biggest hurdles constraining the world economy have just been cleared.
Dogged for most of 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth will enter 2020 on a firmer footing after the US and China struck a partial trade deal and outlook for Brexit cleared somewhat.
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