$1 Trillion Stock Market Massacre Risks Igniting Global Recession

2019-5-15 18:07

By CCN: Monday’s devastating stock market massacre wiped a staggering $1 trillion from equities valuations as the U. S. -China relations escalated into a full-blown trade war. American farmers, among the worst hit by the trade war, are saying they feel like “it can’t get worse,” but economists fear a global recession is next.

Global Recession Will Bite if Trade War Escalates In a note to clients on Friday, Bank of America Merrill Lynch economists wrote: “A trade war, with across-the-board tariffs on US-China trade, would push the global economy towards recession. ” This is the worst case scenario most economists fear from

The post $1 Trillion Stock Market Massacre Risks Igniting Global Recession appeared first on CCN

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Hyperledger Project Grows as Alibaba Cloud, Citi, Deutsche Telekom, and New Members Join the Global Forum  

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