ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Trade war

Trade war will hit China harder than US, IMF says

Chinese economy faces 1.6% haircut, while American losses expected at 0.9%

Imported food from the U.S. is seen at a Shanghai supermarket. China has slapped retaliatory tariffs on such items.   © Reuters

NEW YORK -- China and other Asian countries are expected to experience weaker economic growth as a result of global trade tensions, with Beijing's gross domestic product to be reduced by more than 1.6% next year, the International Monetary Fund said Tuesday.

"The disruption caused by an escalation of trade restrictions could be particularly large in the U.S. and China, with GDP losses of more than 0.9% in the U.S. and over 1.6% in China in 2019," the IMF said in its latest World Economic Outlook report.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more