Ciobo: There Remains a Lack of Demand Globally That’s Not Firing the Economy as Expected

The video discusses the potential for a US-China trade deal, considering political factors and the 2020 election. It examines the global economic impact of the trade dispute, highlighting challenges in growth and productivity. The risks of US-China decoupling are analyzed, with examples like Apple's potential production shift. Australia's role and challenges in the trade dispute are explored, emphasizing its economic growth and dependency on China.

What is one reason a small trade deal between the US and China might be politically preferable for the US President?

• It would increase US exports to Europe.

• It would help secure votes in agricultural states.

• It would reduce oil prices globally.

• It would strengthen ties with Russia.

Which organization downgraded the global growth outlook due to the US-China trade dispute?

• NATO

• OECD

• World Bank

• UNESCO

What is one potential consequence of the US-China trade dispute for global businesses?

• Shift in production locations

• Rise in global tourism

• Increased reliance on fossil fuels

• Decrease in technological innovation

Which company is speculated to shift its production from China to India?

• Google

• Samsung

• Apple

• Microsoft

What is a key focus for Australia in the context of the US-China trade tensions?

• Reducing immigration

• Strengthening its invisible economy

• Increasing coal exports

• Expanding its military presence

How many years of continuous economic growth has Australia experienced?

• 15 years

• 20 years

• 27 years

• 30 years

What is one challenge Australia faces due to its economic ties with China?

• Dependence on Chinese technology

• Overreliance on Chinese tourism

• Vulnerability to Chinese economic slowdown

• Lack of trade agreements with China