10 July 2018
Monthly Economic Update
Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.
Key points to remember
Trump’s Trade Gamble
- A strong economy with low unemployment has been achieved and has emboldened Trump to push harder on trade.
- The uncertainty such behaviour generates implies downside risk for financial market and boardroom sentiment.
- This could be even more dangerous for the global economy than the direct impact on trade.