U.S. policy shifts create disruption and growth opportunities across global economic landscape
Research firm releases analysis to prepare decision-makers for multiple U.S. economic and policy scenarios by 2022
SANTA CLARA, Calif. – Major U.S. policy shifts are having a significant impact on both the U.S. and the global economy.
Frost & Sullivan’s research finds that the prolonged U.S.-China trade war continues to disrupt the world economy and is viewed as one of the biggest risks to global economic growth.
But the potential ratification of the CUSMA (USMCA) trade deal stands to benefit the U.S. automotive industry, given the tightened rules of origin requirements and the high wage clause.
Frost & Sullivan’s recent analysis, US Economy and Policy, Forecast to 2022, reports that negotiations for a post-Brexit U.S.-UK trade deal appear to be a top priority for both countries, potentially entailing duty-free trade in industrial goods.
“The U.S. GDP growth outlook is, to a large extent, contingent on the trade wars outlook. With trade wars most likely to intensify again this year, GDP growth is expected to slip from 2.9% in 2018 to 1.7% or less in 2019 and 1.4% or less in 2020,” said Neha Anna Thomas, senior cconomist, Frost & Sullivan. “The outlook thereafter is contingent on the policy direction of the U.S. president, after the 2020 elections.”
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