Rise of populism and protectionism risks multilateral relations | World Economic Forum

Rise of populism and protectionism risks multilateral relations | World Economic Forum

of course it's not just the us because you look at here UK you have brexit and as an example but then also around the world Brazil Italy Austria Hungary lots of populist political figures getting elected and sort of changing the agenda to be more protectionist more nationalist and as a result weakening the multilateral bonds that were there and that's expected to continue into nineteen and how much of a macroeconomic impact did you expect that to have because again if we were Minds exactly one year ago the opening shots were fired in the so-called trade war around Davos time when the u.s. announced the extra terrace on solar panels and washing machines and then that's obviously well was the precursor it's a further additional terrace throughout the course of the year and we are beginning to see somewhat of a hit to financial markets and to economic activity around the world do you think that is going to continue in 2019 or do you see a de Torme's insights yeah that's the expectation from the report is that not only will the geopolitical friction continue but that it will grow in the economic sphere in the form of tariffs sanctions further trade Wars investment restrictions restrictions on the use of technology from a foreign country and all of these tend to put have a more depressing impact on the economy again another point that comes up quite a lot in our discussions is that of the global economic slowdown and the last month of the year was very much characterised by people's while lessening expectations of global growth going in 2019 2020 people are talking about potential recession in the US how much of global economic slowdown has come up as a risk as well and particularly as it pertains to China and us who are the main countries exposed to this protectionism sure attention I mean in the report this year economic risk is not that strongly featured but it did come up in a lot of our more qualitative discussions around the report that the environment is the macro economic environment is getting more vulnerable there is the potential for a recessionary context there is chance for China slowdown but I think the broad expectation is that economic performance will still be reasonably strong and that these other risks geopolitics cyber environment were somewhat more prominent into thinking around the the experts hi I'm Johanna Versace and thank you for watching you can check out more of our videos by clicking on the boxes on the screen and don't forget to subscribe to our channel for more from CNBC international thank you for watching

5 thoughts on “Rise of populism and protectionism risks multilateral relations | World Economic Forum

  1. That's right I'm willing to sacrifice the global economy to help my fellow countrymen I will vote out all you globalist bums and any lawmaker who agrees with them

  2. Asset allocation patterns may alter for institutional investors regarding shifts in governmental philosophies.

  3. 4minites goes to adresses public each nation get for one person speak to davos govt member offered this in 2011 something i decined might write report for next year direction we going in from public view j ardern nz pm atteding this year meeting hope she dont follow uk there in mess like france

  4. I said and repeat, be careful with CNBC, they will leave you broken. I wonder why? Soon, I promise, I will find out.

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