US-China trade war ‘second wave’ could cause long lasting damage, Indonesia’s finance minister says

The global economy could be hit by a second wave of damage from the US-China trade war which will be much more severe than the first, according to Indonesia’s finance minister.

The outlook for global growth has already been cut amid the dispute between the world’s two largest economies, but the escalation in hostilities since then has “created a point of no return,” said Sri Mulyani Indrawati.

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