The repercussions on production are not confined to those caused directly by trade barriers, but also stem from the deterioration of firms’ confidence, the downward revision of investment plans, and the greater volatility of international financial markets. The International Monetary Fund predicts that global growth will fall to 3.3 per cent this year, the lowest figure since the contraction of 2009.
As I conclude, allow me to convey my deepest appreciation to Mr Ravi Mohan and the team of highly experienced facilitators and trainers who have shared their valuable expertise and knowledge with the participants.