Canadian Prime Minister Carney warns: The United States is undergoing an economic challenge akin to Brexit

The newly victorious Liberal Prime Minister of Canada, Prime Minister Carney, spoke out:

“The lessons of Brexit are beginning to be validated in the United States.”

“When you sever or significantly disrupt trade relations with major trading partners, including Canada, the United States' most important trading partner—”

“You will ultimately face slowing growth, rising inflation, higher interest rates, market volatility, currency depreciation, and economic weakness.”

“We are seeing the early stages of these phenomena in the United States.”

Carney, the current Prime Minister of Canada, has previously served as governor of both the Canadian and UK central banks. His background in economics is quite solid.

Source: https://www.toutiao.com/article/1830752004895756/

Disclaimer: The article solely represents the author's personal views.