Global trade tensions: a risk for the EU economy

BusinessEurope Director General Markus J. Beyrer presents the main points of Economic Outlook Autumn 2018. He highlights that despite the recent slowdown, businesses still expect EU growth to proceed above its long-term rate. However, businesses see the danger of escalating trade conflicts as a key risk, with the IMF estimating that such an escalation would reduce global GDP by almost one percent in 2020.