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CortometraggiTrascrizione
00:00My level of concern is heightened. I'm very concerned. For all the reasons we said before,
00:11the slowdown in, in fact, turnaround. Contraction in global merchandise trade growth is of big
00:19concern. And as we said, if the downside risks materialize, one of which might very well do so,
00:25the 19-day pause, if the reciprocal tariffs come back, layered with uncertainty over it,
00:33you can see a 1.5 percentage point contraction with both those things.