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Trade frictions will keep weighing on growth as US economy slows

Global downturn fairly imminent given impact of ongoing US-China trade war, says JP Morgan MD

Mr Andrew Norelli does not see an improved US-China relationship of the magnitude necessary to reduce direct trade frictions.
Mr Andrew Norelli does not see an improved US-China relationship of the magnitude necessary to reduce direct trade frictions. PHOTO: JP MORGAN INVESTMENT MANAGEMENT
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Finance executive Andrew Norelli thinks a global downturn is fairly imminent, given the impact of the ongoing trade war between the United States and China.

Mr Norelli is a managing director at JP Morgan Asset Management, managing portfolios for several multi-sector fixed-income strategies. He is a member of the asset allocation committee for JP Morgan's Investor Funds and focuses on portfolio construction, asset allocation, macroeconomic strategy and global market dynamics.

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A version of this article appeared in the print edition of The Sunday Times on November 17, 2019, with the headline Trade frictions will keep weighing on growth as US economy slows. Subscribe