Economy Global economy in real danger if US-China trade war escalates Updated : January 25, 2019 07:17 AM IST Over half of nearly 270 economists who answered an additional question said a further escalation in the US-China trade war will likely trigger an even sharper global economic slowdown this year. Despite a 90-day truce reached in early December and Trump saying trade talks with China are going well, concerns over the conflict have continued. In an extraordinary U-turn in policy, the Reserve Bank of India was forecast to cut interest rates by mid-year, compared to a rate hike predicted just a month ago. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.