A gauge of global policy uncertainty is “flashing red” amid anxiety on Brexit, the US government shutdown and the Sino-American trade war, according to Deutsche Bank.
The global economic policy uncertainty index is at record high levels at a time of deepening unrest in British politics ahead of the country’s scheduled exit from the EU on March 29, the trade war between the US and China continues and as a government shutdown in the US has entered its fourth week.
British prime minister Theresa May on Tuesday faces a vote on her Brexit deal, with concerns running high that a defeat by a wide margin would spark political chaos.
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