Trade wars, broken Union and China credit conundrum: risks to the global economy H1 2017
Three emerging risks could destabilise the global economy within the next five years. They are an escalation in trade protectionism, further fragmentation of the European Union, and a debt crisis in China. We estimate these risks could wipe between $2.2 and $3.6 trillion off global GDP by 2021. To put those figures in perspective, they are roughly equivalent to the current size of the economies of Brazil and Germany.