US Trade War | Shock From Trade War Brings Differential Effects; Citigroup To Cut 3,500 Jobs
The shock from trade war brings differential effects for central banks in emerging markets, in contrast with the COVID pandemic, when they could quickly ease monetary policy, the International Monetary Fund's (IMF) Gita Gopinath said. Citigroup Inc. will cut its technology employee workforce in China by about 3,500 as part of its global simplification efforts, while reiterating its commitment to the world’s second largest economy.
