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Chinese exports increased last month despite tariffs imposed by the US, but the trade war still led forecasts for global gross domestic product (GDP) to be revised down.
Via Graham Watson
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Rescooped by Bruce Fellowes from International Economics: IB Economics |
Scoop.it!
Via Graham Watson
Really interesting little footnote to all the ongoing trade dispute material out there; as yet there doesn't seem to have been that much of an effect upon export values. However, think about this - isn't it an application of the J-curve - in that any reaction of export/import volumes is likely to be long-term because of the inelasticity of demand for exports and imports.
But will there be a reaction in the longer term? We shall see.