Survey shows lowest global confidence rating since GFC, writes Fran O'Sullivan

Donald Trump's twitter feed gives an intriguing insight into the latest twists and turns in the trade war he is waging with China. But despite the entertainment value, the trade war is no laughing matter.

The latest estimate, by JP Morgan Chase, is that the average cost to US households will be about US$1000 (NZ$1585) a year after the next round of tariffs on Chinese goods is imposed.

The Fed chairman, Jerome Powell, is also reported to have linked the deterioration in the outlook for global growth and weak

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