Global Economy Will Recover In The Second Half Of The Next Year, UBS Global Wealth Management Said
Adrian Zuercher said – due to the trade war between the Washington and Beijing eases and the central banks’ monetary policies come into effect, global growth will recover in the second half of next year i.e. 2020. On Thursday, he said to a news channel, “there is a lot of fog around trade, influencing our forecast for economic growth. According to him, fees levied on each other by the US and China is considered one of the firm’s major risks. But the environment is currently slow, he said that global growth would improve in the second half of 2020, particularly in the fourth quarter. In October, the two sides agreed to a “phase one” deal, but in Beijing officials said they don’t anticipate sitting down to discuss a “phase two” deal before the U.S. election because they want to see whether Donald Trump wins a second term. On another note on Tuesday, Donald said, it might be better to wait until after the 2020 election to strike a trade deal with China.