US-China trade deal maintains uncertainty

Featured US-China trade deal maintains uncertainty

US-China phase 1 economic and trade deal maintains economists' uncertainty, waiting both countries resolve their differences.

The commercial war initiated by the US against China undoubtedly impacts the rest of the markets; especially Europe's experts keep an eye on the issue.

In that uncertainty line, a possible solution might be provided if such deals materialize easing the concern that prevents global economic growth.

In this regard, the International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva spoke this weekend.

She said this deal is a welcome signal that is now in phase 1, a signal in terms of reducing some uncertainty, Georgieva assured at an event arranged by the Peterson Institute for International Economics, a group of experts headquartered in Washington.

Immediately her statements had repercussions in Brussels, where economists pointed out the world has been long and hopefully waiting for a way out.

The IMF's director underscored that her organization makes some projections on the impact of this greater certainty, which will be shared on Monday as part of the World Economic Outlook that will be announced at the World Economic Forum in Davos, Switzerland.

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