A-level Paper 2, June 2022The National and Global Economy
A-level Paper 2, June 2022, Q7
Evaluate the likely impact of an increase in protectionism on the global economy.
EssayEvaluateOptional25 marks
Context
Both China and the United States have been gradually increasing the tariffs imposed on each other’s exports as their trade dispute continues. The IMF estimated that the trade dispute between China and the United States would reduce global GDP growth by 0.8 percentage points by the end of 2020.
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