Global economy growth declines due to US-China trade war

Thailand Citibank has made the latest adjustments to its global economic analysis, and is expecting a slight economic deceleration due to the trade war between the US and China.

The bank has revealed that the global economy this year could grow 2.9 percent, below 2018's figure of 3.2 percent, due to tensions resulting from the trade war, along with signs of the depreciation of the US currency as a result of a lower performing US economy, and the possibility of the relaxation of certain financial measures by the US Federal Reserve (FED) resulting in the counter-appreciation of other currencies.

Source: VOV5