Trade war fears already hurting the economy, says European Central Bank's Benoit Coeure
Updated : April 06, 2018 06:54 PM IST
A trade war triggered by U.S. tariffs would cause a global recession - and the mere fear of one is already hurting the economy.
Coeure said the prospect of a trade war was not being discussed by the ECB and its effects on inflation would only become visible in the long term.
Coeure said trade wars were not part of the ECB's policy deliberations and reaffirmed the bank's message that its policy stance will remain easy.
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