According to reports, Goldman Sachs economist Jan Hatchus pointed out that"before policy uncertainty is eliminated, enterprises may reduce investment".
Policy uncertainty, historically high debt levels, rising financial vulnerabilities, and limited policy space could further undermine confidence and growth prospects.
In the Trump administration, economic policy uncertainty has spiked to levels not previously seen except in crises- 9/11, the financial crisis, the 2013 government shutdown.
美国和日本的前景虽然不至于如此暗淡,但是两国的产出增长仍将受到持续去杠杆化和政策不确定性的限制。
The outlook is not as sombre for the United States and Japan, although in both countries output growth continues to be constrained by ongoing deleveraging and policy uncertainties.
Vanguard expects global growth to continue to soften over the next 12 months, owing to trade tensions, policy uncertainty, and fading U.S. fiscal stimulus.
The World Bank has cut its economic growth forecast for South Africa for 2019, through to 2021, citing low investor sentiment, and persisting policy uncertainty.
We will carefully calibrate and clearly communicate our macroeconomic and structural policy actions to reduce policy uncertainty, minimise negative spillovers and promote transparency.”.
This projected recovery could be stronger if recent policy actions- particularly those that have mitigated trade tensions- lead to a sustained reduction in policy uncertainty.”.
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