"A study by Federal Reserve economists this year looked at two waves of trade policy “shock,” first in 2018 and then in the first half of 2019, and estimated the impact reduced GDP growth by about one percentage point. In the National Association for Business Economics October survey, 53% cited trade policy as the key downside economic risk through 2020."
Sunday, November 3, 2019
The negative impact of trade shocks
See Adam Smith’s Revenge: Trade damage takes the economy down to Obama growth levels. Excerpt:
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