‘Globalization can end’ as we know this, HSBC chair told Mark Tucker

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GIn the current form, “now” can continue its course, “trade and geopolitical tensions will lead to stronger economic relations between regional groups and trade blocks.

Tuesday, in his speech at the Bank’s Global Investment Summit on Tuesday, Tucker said that trade voltage “serious potential risk for global growth”.

Since the beginning of the office in January, the US President is expected to apply more on the main trade partners, including China, Canada and Mexico, including more April 2 “Reciprocal tariffs” Everywhere in the world.

The world in trade, economic policy and international security regulations live in the “deep and deep change period”.

“We look at the present developments.

“Economic considerations that lead the optimal effective supply chains caused one of the world’s greatest wealth creativity. The balance of economic power has changed as a result of the balance of economic power and is no longer durable.”

Tucker, this did not mean the world’s “regress or geo-fragment and globalization”, but new opportunities, including the BRICS-PLUS Trade Group, which traded with each other, said that economic relations will be stronger.

HSBC The main participant in global trade finances. According to his first annual report, his trading work is first sorted by income according to the last annual report referring to the figures of opponent analysts.

In recent months, one of the transactions, including geographical lines, and one of the geographical lines, one of the sections of Asia and the Middle East and the other managed to operate their work to Europe and America.

Tucker, economic connection between Asia and the Middle East, the main focus is expected to “fly” in the coming years.

Brazil, Russia, India, China and South Africa, Iran, United Arab Emirates, Egypt, Egypt, Ethiopia and Indonesia have been expanded.

“The growth of trade and financial relations that rose to the rest of this economy with the rest of the world show that the growth of the growths carried out there,” Tucker said.

The establishment of the BRICS Group, the establishment of institutions for energy, trade, finance, chains and technology, “In geopolitical markets, more finer markets are likely to have a stronger voice in the world stage,” he said.