Bank of England's Governor Blames China for Recent Global Slowdown

By in

Attending a Financial Times event last week, the Bank of England Governor made a speech about the current threat to the current global equilibrium: China due to the country’s growing trade war reputation and rising protectionism.

Citing reasons for the recent slowdown in the global economy, he stated that recent rises in interest rates, trade tensions and rising debt in China were predominantly responsible. While the issues were significant and growing, he reassured it was no cause for concern and the pointers mentioned were merely factors that will slow worldwide stabilisation.