Putin reveals threat to global economy

The entire world will be affected if the United States and China fail to find a way out of the trade frictions, it is necessary to abandon the practice of politically motivated restrictions, Russian President Vladimir Putin said.

"The entire global economy will be hurt, with global trade being down by 17% by 2024 and global GDP down by 2%," the Russian leader said after talks with Italian Prime Minister Giuseppe Conte.

"It will be bad for all. So, I think we must spare no effort to have agreements reached and the policy of politically motivated restrictions, sanctions and unilateral tariffs stopped," TASS cited Putin as saying.