Escalation of U.S.-China trade war may hit recovery’

Escalation of U.S.-China trade war may hit recovery’

Global economy has much at stake, says Raghuram Rajan

Global economic recovery could be hit if the trade war between the U.S. and China escalates, renowned economist and former Reserve Bank of India Governor Raghuram Rajan said on Friday.

Better to stay away from trade war

Dr. Rajan, professor of finance at the University of Chicago’s Booth School of Business, advised that one should stay away from a trade war particularly at a time when the economy the world over was in the process of recovery.