Sombre news on global markets

The WTO report said trade volume growth should accelerate slightly to 2.7% in 2020, while global GDP growth holds steady at 2.3% but that this also depended on easing of trade tensions

Last week, the trade war shifted to the Atlantic, when the United States (US) announced higher tariffs on $7.5 billion worth of goods, mostly agricultural and industrial products, including textiles, foods, liquor and consumer goods. This followed a ruling at the World Trade Organization (WTO), favouring the US in a complaint regarding subsidies to Airbus by some European countries for making airplanes. 

The announcement came when global markets were reeling under reports of a slowing US economy, moves to impeach the US president, uncertainties about Britain’s exit from European Union (EU), trade tensions between Japan and South Korea, and a rather