ECB's Costa says populism, protectionism creating uncertainty
LISBON (Reuters) - The global economy is going through a time of high uncertainty, with protectionist tendencies, euro scepticism and growing populism, European Central Bank governing council member Carlos Costa said on Monday.
Britain's vote to leave the European Union in the summer and the election in the United States this month of Donald Trump has shaken confidence in free trade and raised concerns over political populism.
"At this time we are going through great uncertainty, with protectionist tendencies, euro scepticism, Brexit, the Italian referendum and populism," Costa, who is also governor of the Bank of Portugal, told a conference.
(Reporting By Daniel Alvarenga, writing by Axel Bugge)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- South Carolina voting map faulted for racial bias by court revived for 2024
- Islamic State spokesperson praises group's attack on concert hall in Russia
- US, Mexico to partner on semiconductor supply chain development
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. Trump, European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!