Bank of England governor Mark Carney warns that Brexit will hurt Britain's growth prospects in the short term. He is also expecting higher inflation but sees only "limited and gradual" interest rate hikes.
Global trade spats, rising interest rates and Brexit uncertainty have helped most stock indices to their worst year in a decade. Recession fears for 2019 could mean more significant drops, especially for tech stocks.
The US central bank has raised interest rates once again — not to annoy the American president, but to prepare for an uncertain and bumpy economic future.
Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an unprecedented economic boom.
Bank of England chief Mark Carney has warned a hard Brexit may mean a UK housing price collapse. The usual Brexiteers were united in disparagement, but his words carry weight on the 10th anniversary of the last crash.
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