India in 'good position' to face fallout from possible trade tensions, says UN economist
Updated : May 28, 2018 12:13 AM IST
Last week, Dawn Holland, the head of the UN Global Economic Monitoring Branch, warned that if the trade war initiated by US President Donald Trump were to spiral out of control with retaliatory measures spreading to other sectors and to countries, the global economic growth next year could plunge to as low as 1.8% next year.
If global trade is impacted negatively due to trade tensions in the near future, "India is in a good position to navigate it," Sebastian Vergara, the United Nations economic affairs officer said
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