The latest consumer and manufacturer readings from the world’s major economies—China, Europe, and the U.S.—suggest that the global recovery from the coronavirus contraction is losing momentum. But each economy is slowing in different ways that stand to exacerbate existing imbalances and intensify trade wars.
Initially, the coronavirus hit all three economies with comparable force: retail spending and industrial production both fell about 20% to 30% from pre-pandemic peak levels, with particularly large drops in motor vehicle...
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September 23, 2020 at 03:45AM
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The Global Recovery Is Slowing. Tensions Over Trade Imbalances Are Sure to Follow. - Barron's
"trade" - Google News
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