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10 May
15:44

BofA outlines 3 US-China trade war possibilities

There are three prime scenarios for the budding US-China trade war, says Bank of America Merrill Lynch Global Resarch – and only one does not lead to a global recession, Kallanish understands. “As the US-China trade war enters a decisive phase, we outline three scenarios to help clients navigate the economic and market implications,” the bank says in a research note. “The most favourable outcome is a near-term trade deal, with no addition…
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