The resilience of Chinese exports during the COVID-19 crisis
China was at the forefront of the COVID-19 crisis. As a consequence, the value of Chinese exports plummeted by 13% year-on-year at the first quarter of 2020.
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The trade war has significantly weakened the global economy
According to the Bank of Finland’s model simulations, the tariff rises already introduced will serve to slow global growth by 0.7 of a percentage point.
Slightly negative central bank interest rates ease financial conditions
Negative interest rates have been an integral part of the ECB's overall monetary accommodation for just over five years now. Research indicates that the advantages of slightly negative interest rates outweigh the disadvantages.
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China’s GDP growth just keeps on hitting the official target
The long-anticipated slowdown of the Chinese economy is natural for an economy that has grown rapidly for several decades.