Experts assessed the effects of intensified US-China trade war
The intensification of the trade war between the United States and China may lead to a slowdown in the growth of the Russian economy until its transition to recession. This is stated in a study by the Center for Market Studies of the Institute for Higher School of Economics (HSE).
According to experts, if the trade war between the two largest economies in the world - the United States and China - “reaches a boiling point”, then the conflict is likely to lead to a decrease in the growth rates of the economies of these countries, which “will lead to a noticeable decrease in world prices for commodities traded and will create significant difficulties for the main Russian exports. ”
According to TASS, experts estimate that at present, the Russian mining industry is not experiencing any serious geopolitical, macroeconomic, or price difficulties.
In addition, the authors of the study noted, in 2020-2021 12 years will pass from the moment of the last world financial crisis - this is the amount of time that is considered to be an “average cyclic wave”, after which a short-term recession can be observed in the global economy.
At the same time, as experts say, the situation in the world economy does not look critical yet.
Earlier, the head of the School of Oriental Studies at the Higher School of Economics, Alexei Maslov, in an interview with the NSN, assessed the possible consequences of an intensified trade war between the United States and China.