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He says. He has personally. An exclusive report from a destroyed city. Starts october 24th. 13 and the world is still waiting for a breakthrough u. S. And chinese trade nations are meeting today aiming to end an impasse in their negotiations but a look at news from this week alone certainly lower expectations also coming. On officials are putting pressure on germany and the netherlands to help spend the brocks way out of crisis and we need a cattle rancher in brazil who thinks that trees are a better long term investment. Care
for giving the World Economy a boost well a couple of people in washington could provide some help u. S. And chinese officials are meeting today to commence their talks over reaching a comprehensive trade deal about one and a have years of the Trade War Which u. S. President trump called good and easy to win have been fought at various stages of escalat ....
Would perspire in a tariffs increase that s due to take place next tuesday $250000000000.00 of chinese imports and you d have that tiresome trieste from 25 percent to 30 percent so expect that they ll be a sort of tit for tat on that and that we may well see an agreement along those lines with currency pact. oh we going to see progress on the big issues well we ve had the vice at the deputies meeting ahead of this meeting to sort of lay the groundwork there doesn t seem to have been a great deal of progress on those big issues so expect we ll have a sort of smaller deal maybe agrees with an agreement to look at the bigger picture later on of europe briefly is there any way of estimating how much this trade war that has been going on for over a year is costing the world you know the impact is so broad ranging that it would be some incredible math required but it seems like the i.m.f. have done that incredible mass for as they ve estimated that it s going to cost the world economy $70000 ....
Incoming managing director chris to give our she fears they could shrink the global economy by $700000000000.00 or 0.8 percent of g.d.p. next year the 20 to date even more of the world the colony is moving in sync but unfortunately this time growth is celebrating to be precise in 2019 we expect slower growth in nearly 90 percent of the worlds. in other words the world economy is now in synchronized slowdown. the former world bank chief went on to say the looming crisis requires a coordinated response to tackle what she called the most serious threat since the global financial crisis a decade ago in the event of a major economic downturn the i.m.f. ....