European Central Bank economist: Trade barriers will cause a significant downturn in the global economy.

On November 22, Jinshi Data reported that on November 21, local time, Philip Lane, Chief Economist of the European Central Bank, stated at the 27th Annual Dutch Central Bank Symposium that if the future Trump administration increases tariffs on products from various countries, it will lead to fragmentation of the global trade pattern. Lane said that the world's total output may also decrease by 2% to 10% as a result, and the inflation rate of various countries in the world will rise significantly in the short term. The economy of the eurozone may also fall into recession again.