The risk of a trade war impacting the global economy has clearly increased over recent months. The first U.S. salvos, followed by the retaliatory measures of other countries, have caused tensions to rise. As things currently stand, the situation is still contained but unclear. Could a real trade war put an end to the current global economic growth cycle?
The West Texas Intermediate oil price has gone over US$70 a barrel again. This increase was propelled by fears about oil supplies, despite the announcement that the OPEC and Russia would boost production. Several experts doubt this will be possible, as spare capacities are limited. Will this be enough to cover other members’ oil decreased production?