New Delhi, Feb. 28 -- The near-term global economic outlook is influenced by trade policies of major economies amid a slowing disinflation, said Chief Economic Adviser Anantha Nageswaran said on Friday, soon after the GDP figures for October-December were released.

In apparent reference to tariff imposition by the US against a few countries and countermeasures from those countries who are affected, Nageswaran, at a virtual presser, said these policies may fuel inflation, lead to tighter financial conditions, and increase market volatility.

Further, the chief economic adviser said developments such as the US Dollar's strength and rising Japanese interest rates could exacerbate capital outflows from emerging markets, raise risk premiums, ...