Trade Tensions: Downside Risks and Uk Economy

trade tensions: He added that trade tensions had increased the downside risks for a UK economy already grappling with Brexit uncertainty, according to The Guardian. Carney said The more hostile and uncertain trading environment is coinciding with sharp slowdowns in global trade, manufacturing, industrial production and capital goods orders. Mark Carney said on Tuesday that policymakers were underestimating the impact of the US president's trade spat with China, Mexico and the European Union. As a consequence, the quality of global growth has deteriorated. Carney, a Canadian national who also holds Irish and British citizenship, leaves his post in January and could be a candidate to replace Christine Lagarde as head of the International Monetary Fund. Across the G7, the growth rate of business investment has almost halved since its peak in late 2017, leaving the global expansion more reliant on consumer spending and reducing its resilience. (news.financializer.com). As reported in the news.