Carney said in a wide-ranging speech that a “sea change” has taken place in financial markets in recent months largely related to worries over the global economy. Trade tensions, particularly those involving the U.S. and China, have the potential to “shipwreck the global economy” and that’s a fear that’s taken root across financial markets. LONDON - Bank of England Governor Mark Carney warned Tuesday that the British economy is barely growing in the wake of mounting Brexit uncertainties and intensified trade tensions. “The latest surveys point to no growth in U.K. output. “Looking across the first half of the year, in my view, underlying growth in the U.K. is currently running below its potential.”

Source: thestar July 02, 2019 16:56 UTC