The Bank of England has claimed that US President-elect Donald Trump will accelerate a slowdown of the world economy.

“There is this possibility that the slowdown in the growth in world trade, which we have seen over the past few years, accelerates because of discrete policy initiatives potentially from the world’s largest economy,” Bank of England Governor Mark Carney said at a news conference in London on Wednesday.

“This is more of a slow-burn issue, sand in the gears, headwind for the global economy as opposed to a sharper shock, if any of it were to actually materialize,” Carney said. “While that might not directly affect the United Kingdom, if it slows the pace of global growth – and we’re an open trading nation, one of the most open nations in the world – it’s going to have a knock-on effect through this economy.”

Trump has vowed to end the Trans-Pacific Partnership trade deal, and the North American Free Trade Agreement (NAFTA), whilst taking on China economically.

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Andrew
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Andrew
2016-11-30 21:13

It should be called the bank of rothschild after its filthy, perverted in every sense owners. They also heavily sponsored clintons presidential bid but failed to rig the election properly. The bank of England is rotten to the core and demands that we go to war.

Cyriak Papasissis
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Cyriak Papasissis
2016-11-30 22:20
Reply to  Andrew

Exactly. They try to impede the growth in optimism seen in the markets as a result of Trump’s victory. They are the ones throwing ”sand in the gears”. It is the initial shot in the war against Trump’s economic moves , before they were even delineated in detail.

Stern Daler
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Stern Daler
2016-12-01 11:50
Reply to  Andrew

Agreed. Trump seems contra confrontation less revenues from arms sales. But mind me – since when does the Bank of England lean out of the window to evaluate US policy?

Daeshbags Sux
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Daeshbags Sux
2016-12-01 12:07
Reply to  Andrew

F.Hollande about Brexit : “The sooner, the better!”

Igor Dano
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Igor Dano
2016-12-01 06:57

I concede.
Trump takes care about America and will not take care about world’s economy.
Live with, it BoE.
The same way, China, Russia or anybody else takes care.

Daeshbags Sux
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Daeshbags Sux
2016-12-01 12:05

Considering how the pound is falling and that I wouldn’t be too surprised Scotland leaving UK to join the EU then northern Ireland secession to merge with Eire, even London may quit UK, nonetheless I can forsee a slowing but a serious shrinking at the BOE level

Igor Dano
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Igor Dano
2016-12-01 12:35
Reply to  Daeshbags Sux

USD went up since BREXIT 12% against Euro and 11,25% against GBP. Most gains came amid the US presidential election.
What do you spin here, zionazi? GBP is better off compared to Euro. All major traded currencies are down against USD since summer. So what do u expect zionazi?

Daeshbags Sux
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Daeshbags Sux
2016-12-02 17:01
Reply to  Igor Dano

Hello, JihadIgor Da-No-IQ. Cool if USD goes up : it’ll boost our exports and lower our will to buy anything that would have to be paid in $ 😉 You may have mind troubles my dear friend : PLO is nazi : they were trained by Skorzeny while its real creator (and Arafat’s uncle), Amin al-Husseini was also the Grüppenführer (general) of the infamous Waffen SS Hansar Division (33k manpower, 100% Muslim!) http://www.haaretz.com/polopoly_fs/1.681774!/image/3128317787.jpg_gen/derivatives/headline_609x343/3128317787.jpg http://9502-presscdn-0-95.pagely.netdna-cdn.com/wp-content/uploads/2015/10/himmler-mufti.jpeg http://1.bp.blogspot.com/-5Q8V9BHW2EA/VPJn8MKCq-I/AAAAAAAAQD0/QX3xGvZTFoI/s1600/Hitler%2BAllah%2BIslam.jpg Now using the expression zionazi means you imply Israelis do genocide of Palestinians? So, do you know what’s a LIAR is? Go in your bathroom,… Read more »