SINGAPORE (Nov 27): The Economist Intelligence Unit (EIU) has cut its 2019 growth forecasts for the global economy amid heightened geo-political risks on the horizon.

“Global industry faces five major risks that could derail growth in 2019: a US-China trade war, a global economic slowdown, Brexit, sanctions on Iran, and cybersecurity risks,” EIU says in a new report released today.

While the US-China trade conflict has already come to a head in 2018, EIU says “there is a risk that this will escalate into a full-blown global trade war” with the US already poised to impose more tariffs on the remaining trade between the two.

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