Benidict Hoffman Warns Downside Risks Threaten Global Economy

Benidict Hoffman economists warn that ongoing trade war could reduce global GDP in 2020.

Taipei, Taiwan, June 26, 2019 --(PR.com)-- As trade tensions continue to escalate between the US and
China, economists at Benidict Hoffman have warned that serious downside risks including unstable
financial conditions and high levels of debt could pose a significant risk to global economic growth.

According to a recent report by the International Monetary Fund, tariffs resulting from the trade war
between the US and China could result in a decline in global GDP of up to 0.5% next year.

This week, leaders from the US and China are due to meet at the G20 summit in Japan where it is widely
hoped they will be able to make some progress in trade negotiations.

While there is some optimism that US President Donald Trump and Chinese President Xi Jinping can
reach a workable compromise at the upcoming meeting, Benidict Hoffman economists say a rapid
solution is unlikely.

Both sides have so far refused to give in on certain key issues and Trump is threatening to levy tariffs on
additional goods to the value of $325 billion. Benidict Hoffman economists say this would mean that
nearly all imports coming from China would be subject to harsh tariffs.

"The rise of protectionism has hurt global trade and continues to threaten the global economy's growth
prospects and that many countries are resorting to easing monetary policy in an effort to help boost their
economies," say Benidict Hoffman economists.

"Unfortunately, the last financial crisis has left many economies with limited room to maneuver when it
comes to policy measures," says Park Lai, Head of Public Relations at Benidict Hoffman

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Contact Information:
Benidict Hoffman
Mark Cheung
886277414800
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You can read the online version of this press release at: https://www.pr.com/press-release/788143

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