Insight
Trade wars, broken Union and China credit conundrum: risks to the global economy H1 2017
Report summary
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.
Table of contents
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Executive summary
- Trump's tirade on trade
- Eurozone collapse and further fracturing of the EU
- China debt crisis
- Conclusion
Tables and charts
This report includes 5 images and tables including:
- Global GDP in 2021: base case and scenarios
- Global GDP in 2021: protectionism scenario
- Real GDP index for major European economies (base case and downside scenario)
- Global GDP in 2021: China debt crisis scenario
- Debt in China
What's included
This report contains:
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