StraightTalk® Global Economic Outlook 2018: Will Trade Barriers Derail the Global Economy?
Bart van Ark
The Conference Board
Among business leaders around the world, trade policy risk has overtaken economic and individual-country risks as the biggest concern. Potential trade disruptions may create uncertainty, causing firms to hold back on investment and hiring. If trade restrictions spiral out of control, they will create significant downside effects. The bigger risk for the medium term is that tit-for-tat increases in trade barriers will create permanent inefficiencies for global supply chains.
StraightTalk is a quarterly publication from the Chief Economist of The Conference Board. It provides economic research, objective analysis, and forecasts to help new economy business executives assess economic conditions impacting their markets.