Comment / The macro view: Will the Huawei affair restore balance to the global economy?

The US-China trade dispute could spark a technological race between the corporations of the two countries that boosts global economic growth, but splits the planet into distinct spheres of influence.

Most analysts expect a trade war to slash global economic growth, along with investment and employment. History backs up this view, as trade disputes are normally very costly.

But these are not normal times.

The phase of globalisation that we have witnessed so far has left the economy so unbalanced that a trade ...