Trade war escalation could smash global economy and equities: UBS

Trade war escalation could smash global economy and equities: UBS

Updated July 12, 2018 15:22:13 Global share markets plummeting more than 20 per cent, economies shrinking and inflation re-ignited is the gloomy prognosis for a trade war from giant investment bank UBS. Key points: A full trade could see global equities tumble by more than 20pc and global GDP tumble …