Trade Protectionism Biggest Threat to Global Economic Growth: BOJ Governor Kuroda

BOJ Governor Kuroda commented during an interview with CNBC that protectionism with regards to global trade is the biggest threat to economic growth worldwide. Kuroda’s remarks come against the backdrop of US and China negotiating a deal to possibly end the trade war between them.

Global trade continues to remain in focus with the IMF also recently cutting economic growth forecast globally from 3.5% to 3.3% in 2019. It has attributed trade as one of the risk factors contributing to these revised estimates for global economic growth.

According to Treasury Secretary Steve Mnuchin, both US and China have several issues to resolve as they work towards securing a trade deal. He also added that the US, at its end, is willing to cough up penalties if it fails to comply with the terms and conditions mentioned in the soon to be formalized deal.

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Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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