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Global economy has peaked; trade war torpedoes optimism: Polls

BENGALURU: Global economic activity remains solid but has already passed its peak, according to economists in Reuters polls who expect protectionist policies on trade, which show no signs of abating, to tap the brakes significantly. While trade conflict between the United States and other major trading partners, in particular, China, has had only a modest impact on global trade and the world economy so far, the turmoil in financial markets clearly suggests confidence has taken a hit. World stocks have been whipsawed…