Monday, April 24, 2017

There is no Global Recession in sight, "says Professor Nouriel Roubini

What would be the effects of Trump's protectionist policy for Colombia?

The effects will be seen mainly in the markets of Tlcan (with Mexico and Canada) and with China, which is the monster of exports, and with Europe, but I do not think there are any direct implications on trade blocks against Colombia. However, the risk for Colombia is that, precisely, the level of global growth will be lower because trade is going to be reduced on the global scale.

If this happens, there may also be 'wars' in international trade where tariff barriers can be imposed, and that is going to hit global trade, which in turn affects the growth of all and, therefore, could hit the country In their economic performance.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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