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Rise in global protectionism seen leading to higher interest rates


A rise in global protectionism, instigated by the Trump administration, could result in higher interest rates that could reverse the economic growth enjoyed since the Great Recession almost a decade ago, according to Dr Borislav Bjelicic, Professor at the University of Mannheim, Germany.


Speaking to delegates at the WACO System’s recent Annual General Meeting (AGM) here, he said protectionism could lead to a trade war and tighter monetary policies in the US and Europe.


More optimistically, delegates at the event, which brings together members of the freight forwarding network, also heard that trade fundamentals remained positive and the industry would benefit if it embraced new technologies, said a release.


Source : Exim News Service - Warsaw, May 16


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