All-out trade war could cost global economy $1.2trn – chart – Fin24

The recent escalation in the trade war could cost the already fragile world economy dearly. Modelling by Bloomberg Economics shows that global GDP would be 0.6% lower in 2021 if the market slumps during an all-out trade war, compared to a no trade war scenario.

That’s the equivalent of a $1.2trn hit to the global economy.