WASHINGTON -- A further escalation of the trade war will slice 2% off China's real gross domestic product in 2020, a new forecast by the International Monetary Fund shows.
Trade tensions will also deal blows of 0.6% to the U.S. economy and 0.8% to global GDP, according to the outlook. Left unchecked, the conflict could further slow investment and trade as well as hurt financial market sentiment, the IMF previously warned.
