A trade war and interest rate hikes have everyone on edge.. including U-S president Donald Trump. He's called the Federal Reserve "crazy" for raising rates. The Dow has lost over 5% in 2 days
The ten-member ASEAN and its partners are meeting this week amid worries the US-China trade row will negatively impact the region. The summit is expected to see progress made on a China-backed regional trade pact.
The head of the International Monetary Fund has thrown her weight behind the US central bank's recent rate hikes. Her support came after Donald Trump had called the Fed's policies "crazy" and harmful.
The IMF has cut its global economic forecast for 2018 and 2019, citing above all rising import tariffs between the US and China. A fall in trade volumes and manufacturing orders could hit Germany particularly hard.
It seems like bad news is springing up from many major economies. Although it's too early to talk of a doomsday scenario, the risks should no longer be ignored, says DW's Henrik Böhme.
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