The central bank
estimated trade uncertainty would lower investment by two per cent by the end of 2019.
Not exact matches
Uncertainty shock = lower US GDP
estimates; markets will price in EU fragmentation; Fed likely to pass in Dec; ultimate growth impact of Trump will depend on whether his protectionism or Keynesianism triumphs; either way Trump will boost inflation / stagflation expectations as electorates say end wage deflation via immigration controls,
trade protectionism, fiscal spending.
Any
estimate of the economic costs of protectionist measures, let alone
trade wars, is subject to
uncertainty given the complexity of global supply chains.
With the timing of any U.S. policy changes still unclear, the bank said its base - case projection includes only the
estimated impact of «prolonged and elevated
trade policy
uncertainty» on
trade and investment in Canada and internationally.