Berenberg Says Brace for Small-Scale Protectionism

The video discusses the political and economic risks anticipated in 2017, particularly focusing on global trade and protectionism. It highlights the ongoing dialogue between the US and China, addressing concerns about China being labeled a currency manipulator. The discussion shifts to the Euro-Yuan exchange rate and its potential impact on European exports. The concept of mini protectionism is introduced, suggesting minor trade barriers between Europe and China, but it is not expected to significantly affect global economic growth.

What was the initial concern regarding global trade at the start of 2017?

• The failure of political dialogues

• The emergence of new trade agreements

• A significant rise in global trade

• A complete breakdown of US-China relations

What is the current status of US-China relations according to the discussion?

• They are stagnant with no progress

• They have reached a final agreement

• They have completely deteriorated

• They are improving with ongoing talks

What is the potential economic impact of mini protectionism between the US and China?

• It will cause a major economic downturn

• It will lead to a global recession

• It will boost global economic growth

• It will have a minor impact on specific industries

What is the concern regarding the Euro-Yuan exchange rate?

• It might lead to a major political conflict

• It could affect trade between China and Europe

• It will stabilize the global economy

• It will have no impact on trade

How significant is the impact of mini protectionism on overall economic growth?

• It is highly significant

• It is moderately significant

• It is not detectable in macroeconomic GDP numbers

• It is the primary driver of economic growth