WSJ City: Carney: UK Business Investment Drop Illustrates Trade Risks
2019年2月13日 - 12:45AM
Dow Jones News
By WSJ City
The collapse in UK business investment since the country's 2016
vote to leave the European Union highlights the potential costs to
the global economy of a prolonged period of uncertainty about
tariffs and other barriers to trade, Bank of England Governor Mark
Carney said Tuesday in a speech.
KEY FACTS
--- UK business investment fell in 2018 at the fastest pace
since the global financial crisis.
--- That's a reflection of the uncertainty among businesses
about the country's future trade relationship with the EU.
--- Carney said the performance could serve as a leading
indicator for the global economy
--- ......if outstanding disputes between the US and China, and
between the US and the EU, aren't settled soon.
What Was Said
"A prolongation of global trade uncertainty could undermine the
global expansion. Most fundamentally, the larger and the more
permanent the disruption to global trade--the greater the
deglobalisation--the greater the reduction in both activity and
supply capacity of economies."
- Mark Carney, Governor, Bank of England
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(END) Dow Jones Newswires
February 12, 2019 10:30 ET (15:30 GMT)
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