Trump’s China Handshake Fails to Lift Economic Gloom
By Brendan Murray
14 October 2019 7:42 AM Updated on 14 October 2019 12:01 PM
Trade war pause uncertain rather than durable: Morgan Stanley
IMF downgrade of global growth expected in the week ahead
The pledges China and the U.S. made to keep prospects alive for a comprehensive trade deal did little to alter the deteriorating growth outlooks for both countries because they were sealed with something economists don’t trust: a handshake.
What Our Economists Say
“Past experience is that U.S.–China trade agreements aren’t worth the paper they are written on, and this one hasn’t even been written down. For now, though, indications on trade are a little more positive. If that persists, it could help put a floor under sliding global growth.”
Tom Orlik and Yelena Shulyatyeva, Bloomberg Economics
