Bloomberg called the main threat to the global economy in 2019

© AP Photo / Richard DrewТрейдер on the new York stock exchange. Archival photoBloomberg called the main threat to the global economy in 2019© AP Photo / Richard Drew

Analysts of the Agency Bloomberg compiled a list of the main political threats to the growth of the global economy in 2019.

The largest risk factor Bloomberg calls a trade war between Washington and Beijing. So, if Donald trump makes good on his threat and will introduce new duties against Chinese goods, China’s GDP growth in 2019 would slow down to 1.5 percent.

«Even if the truce at the G20 summit, will be observed, the dispute may be the initial stage of a long economic cold war,» the article says.

Negative impact on the global economy can provide and the argument of the Italian authorities with the EU on the planned budget expenditures. In addition, risks are disagreements in the Italian governing coalition, writes Bloomberg.

A British exit from the EU will harm the economy. Thus, according to forecasts, in the absence of agreement on Brexit, the country’s GDP in 2030 will be seven percent lower than in the case that London will remain in the organization. Transaction where the UK will remain in the framework of the customs Union with the EU, would mean a decline of three percent, the author notes.

Among other threats to the global economy in 2019, Bloomberg analysts have listed the standoff between the Democrats controlled the house of representatives and a Republican Senate and President of the United States, the upcoming elections in several countries, the level of oil prices in connection with U.S. relations with Iran and Saudi Arabia, as well as the risk of conflict in Asia.