After the intense trade wars raging between Xiomera, Zamastan, Trive, and several other nations, economic uncertainty has driven Maximusian stock prices to a quarterly low.
Although on multiple occasions the Maximusian government have stated that the trade war, and resulting tariffs, will not negatively or positively impact the Maximusian economy, it would seem that many Maximusian investors have taken the sayings, “you can never be to careful” to heart.
The industries most effected by this drop in share prices seem to be information technology based but it will take time to see the full effects of this war play out.
On Friday, President Luke Brown stated the following in order to reassure the Maximusian populace that the trade war over seas would not lead to a recession,
“While the active international trade war is alarming, and rest assured, we are watching it with the closest of attention, we do not believe that the Maximusian economy is at risk of a recession. Our economy is deverse and largely independent of foreign influence. As long as shareholders keep this in mind I do believe that our economy will rapidly rebound from this.”
Let us hope his words hold true.