CIMB Thai Bank (CIMBT) forecasts renewed war in the Middle East will heighten economic uncertainty in the second half of the year, while intensifying the global trade war.
Although concerns over the Middle East's impact on energy markets have eased, attention has shifted to the global trade war, said Amonthep Chawla, chief economist at CIMBT, as the bank monitors the potential use of Section 301 measures by the US, which were previously imposed on China, to pressure US trading partners.
