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Uncertainty causes more damage than tariffs: economist

BNP Paribas' Luigi Speranza says companies delaying investment, leading to sluggish global growth until end-2020

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"Deep recession typically is triggered, either by tightening monetary conditions or by imbalances ... This is not the case right now." - Luigi Speranza, chief global economist at BNP Paribas

Singapore

INSTEAD of a recession, the world economy is headed for a prolonged period of sluggish growth until at least the end of 2020, a senior economist has suggested, as the climate of uncertainty is causing companies to delay investment.

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