Relaxing Tensions in the Global Economy

The two recurring themes that have determined the course of the global economy and represented the greatest sources of uncertainty in 2019 have been protectionist tensions and the threat of a no-deal Brexit.

Key points

• Key points:
• There has been news on the British saga just about every week, while US protectionist pressure on China has built throughout the year.
• This double threat has had a palpable effect on industrial production and international trade, slowing down investment plans for many companies.

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