November 06, 2018
In October, the International Monetary Fund (IMF) cut its global growth forecast, as tensions between the United States and its trading partners continues to escalate. IMF predicts the global economy will increase 3.7 percent – down from an initial estimate in April of 3.9 percent – due to several potentially disruptive trade policies: the US-Mexico-Canada Agreement (replacing NAFTA) awaiting congressional approval,Β new tariffs imposed on $200B worth of goods from China, and theΒ pending the US-Europe Trade Deal.
In addition, global corporate debt in both the private and public sectors β now stands at an all-time high of $182 trillion, a 60 percent increase since 2008.
Will these tensions result in a global trade war? What are the risks to the global markets in terms of economic performance and monetary policy? And what does all this mean for American businesses?
Join the Cleveland Council on World Affairs, the City Club, Global Cleveland, International Partners in Mission, and the Northeast Ohio Consortium for Middle Eastern Studies (NOCMES) for a conversation on the tensions and policies affecting the global economy.
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