Original article by Sarah Turner
The Australian Financial Review – Page: 13 : 21-Sep-18

Economic modelling undertaken by the Reserve Bank in March concluded that the Australian dollar could potentially rise by up to six per cent in the event of a global trade war. This in turn could cause the domestic economy to contract by up to 3.5 per cent over five years. This is one of three potential scenarios that were examined by the central bank at the time, in response to the Trump administration’s decision to impose tariffs on imported steel and aluminium.

CORPORATES
RESERVE BANK OF AUSTRALIA