Sino-US trade disputes risk a self-fulfilling global recession

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      Guy Debelle, Vice President of the Australian Central Bank, said Thursday that the Sino-US trade dispute has led to delays in investment decisions by global companies, depressing economic activity and possibly leading to a self-fulfilling global recession.
Debel also warned that in the long run, disputes over technology could be more destructive, forcing companies to choose between the East and the West and not to sell their products to global markets.
"Companies are waiting to see how uncertainties are resolved and they will not invest," he added. "The longer companies suspend investment, the weaker demand will be, which will further consolidate the decisions of companies and so on. The risk of a self-fulfilling recession.
Worries about the global recession sent global financial markets tumbling Wednesday, with U.S. stocks down 3% and 10-year Treasury yields falling below two-year Treasury yields. In the past, the inverted yield curve of US Treasury bonds was a reliable indicator of economic recession.
Debel said the dispute between the United States and China has also undermined decades of rule-based trading systems.


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