Brexit and trade disputes push bank’s policy uncertainty index to record tall,says reportDonald Trump’s trade wars with China, Mexico and Europe have sent global investment tumbling, or according to a World Bank report that forecasts worldwide growth this year will slip back to levels not seen since 2016.
The Washington-based lender to developing world countries said in its half-yearly global health check that spiralling political uncertainty was to blame for a slowdown in trade and a collapse in investment spending that will push down GDP growth to 2.6% this year “before inching up to 2.7% in 2020”.
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Source: theguardian.com