AsianFin -- Businesses across major economies, including the EU, are expected to scale back investment due to rising uncertainty driven by trade tensions.
According to a new report from Oxford Economics, trade policy uncertainty—primarily stemming from U.S. policies under the Trump administration—could significantly impact global economic growth, with investment being the hardest hit. The report outlines four potential scenarios to assess how uncertainty might affect investment and, in turn, the global economy.
“Investment is markedly weaker this year, with an undershoot of about 4% in the U.S. and China, and about 2% in the Eurozone and UK,” wrote Senior Economic Advisor Michael Saunders and Lead Economist Dr. Daniel Harenberg.
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