BoE’s Bailey: Fragmenting the world economy will be bad for growth
Source Fxstreet
At an International Monetary Fund (IMF) event, Bank of England (BoE) Governor Andrew Bailey said that the central bank must take the risk to economic growth from global trade disruption very seriously.
Key Quotes
Fragmenting the world economy will be bad for growth.
The UK is an open economy so US relation with rest of the world matters.
We do have to take very seriously the risk to growth.
China has had sustained weak household domestic demand, not sustainable forever.
Bretton Woods system is best one we have but it has challenges.
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