France’s Le Maire: Trade war would mean an economic crisis all over the world

Comments by French finance minister, Bruno Le Maire

  • And especially in Europe
  • If trade tensions escalate, may have a direct and very negative impact globally
  • Says France, Germany growth has slowed because of US-China trade tensions


Merely stating the obvious but I guess they gotta keep trying to shift attention away from domestic problems in their respective countries. Either way, as long as the US-China trade rhetoric continues to drag on and worsen, don’t expect any miraculous recovery in the Eurozone economy in 2H 2019.

That alongside waning inflationary pressures will in turn put the ECB on course to start leaning towards more easing/stimulus measures later on in the year.

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