Sentences with phrase «global protectionism»
"Global protectionism" refers to the practice of countries imposing measures to protect their own industries and economy from international competition. It involves implementing policies such as tariffs, quotas, or trade barriers that restrict the import of goods and services from other countries. The aim is to safeguard domestic industries, jobs, and economy from foreign competition. Full definition
«A notable increase in global protectionism remains the most important source of uncertainty facing the Canadian economy,» the central bank said in its quarterly report on the economy.
canadianbusiness.com
«A notable increase in global protectionism remains the most - important source of uncertainty facing the Canadian economy,» the bank said.
Andrew Balls, CIO of global fixed income at Pimco, discusses heightened fears of global protectionism.
While the country is still the world's largest clothing exporter with enormous production capacity, oversupply at home, high labour costs, and rising global protectionism have all eroded its competitiveness.
Indeed, with worries about faltering stocks, an aged business expansion and growing global protectionism, recent signs of the strength in Treasuries will probably persist.
A consensus on the need for FTAAP to defend and facilitate open and deeper economic ties has evolved amid the recession and threats of global protectionism.
As a result, we will be increasing the probability on our «Rise in global protectionism» scenario which delivers a more stagflationary [1] outcome for the world economy than the baseline forecast.
We've consistently predicted the good deflation of excess supply, but in our two Deflation books and subsequent reports, we said clearly that the bad deflation of deficient demand could occur — due to severe and widespread financial crises or due to global protectionism.