Trump's trade wars sent global investment tumbling – World Bank

Brexit and trade disputes push bank's policy uncertainty index to record high, says report

Donald Trump's trade wars with China, Mexico and Europe have sent global investment tumbling, according to a World Bank report that forecasts worldwide growth this year will slip back to levels not seen since 2016.

The Washington-based lender to developing world countries said in its half-yearly global health check that spiralling political uncertainty was to blame for a slowdown in trade and a collapse in investment spending that will push down GDP growth to 2.6% this year "before inching up to 2.7% in 2020".