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Russia Under Threat if U.S.-China Trade War Escalates, Experts Warn

21 Aug 2019

• 21 Aug 10:26

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The US-China trade war, if escalated, could lead to economic slowdown and even recession in Russia, analysts by theMoscow Higher School of Economics’SE Centre for Business Tendency Studies (CBTS) said in a report, according toTASS. “If the trade conflict between the world’s two biggest economies, the US and China (roughly 35% of world-wide nominal GDP, Russia – about 2%), hits the ceiling and, consequently, growth rates of the economies of mentioned countries all but certain slow down for some period, that will immediately result in a notable decline in global commodity prices and create major difficulties for the main Russian export,” the. Read more...