The absence of a U.S.-China deal will prolong economic uncertainty globally, says Gokul Laroia, co-chief executive of Asia Pacific for Morgan Stanley.
Monetary and fiscal policies will be less effective in boosting growth if the U.S. and China don't reach a "phase one" trade deal, said Gokul Laroia, co-chief executive of Asia Pacific for Morgan Stanley.
Laroia said the likelihood of reaching a "phase one" deal has gone up because "the bar for what constitutes a deal has actually come down." Robert Daly, director of the Wilson Center's Kissinger Institute on China and the United States, said any deal reached between the two countries will be largely based on Beijing's terms.
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China.An increasing number of governments and central banks are taking steps to boost economic growth — but those policies will be less effective if the
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