The global economy is slowing down. In countries like Germany, Australia and China, supply-chain costs are rising, leading to a steady decline in spending worldwide.
Much of this is believed to be in response to President Trump’s higher tariffs against global trade partners in Asia, Europe and North America.
The Trump administration contends, however, that the global economic slowdown has no correlation with the trade war.
MPR News’ Chris Farrell spoke with Diane Swonk, chief economist and managing director at Grant Thornton, about the slowing global economy and the risks of global recession.
To listen to the full conversation you can use the audio player above.
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