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By Andrei RADULESCU, Ph.D., Senior Macroeconomist
The world macroeconomic climate has recently deteriorated, an evolution mainly determined by the high level of uncertainty, in the context of the economic policy decisions at the beginning of the new Administration in the largest economy in the world, with a nominal GDP of almost USD 30tn at the end of last year.
On the one hand, the decisions to increase the trade tariffs would have a negative impact for the world trade flows in the short-run, with unfavourable consequences for the private investments. In this respect, I point out that it took many quarters for the global trade flows to accommodate the impact and the consequences of the geo-political crisis in Ukraine. On the other hand, the...
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