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Macro Comment ChinaTrade war starting to bite

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Economic growth is slowing amid the trade war with the US, and a round of government stimulus early this year had limited effect. We expect that growth will decelerate owing to the continued trade turmoil and because additional stimulus will likely be of measured magnitude only.

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Bjarke Roed-Frederiksen

Senior Economist

Latin America and China

bjro03@handelsbanken.dk

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