Trade Protectionism Biggest Threat to Global Economic Growth: BOJ Governor Kuroda - Forex News by FX Leaders
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Trade Protectionism Biggest Threat to Global Economic Growth: BOJ Governor Kuroda

Posted Tuesday, April 16, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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