We are seeing evidence that trade war and overall instability and uncertainty regarding trade policies is beginning to impact our manufacturing sector.
Britain has finally opened Brexit negotiations with other European Union nations about leaving the block. Dr. Perryman tells us it is wrapped in a great deal of uncertainty.
Dr. Perryman has noticed a greater than usual degree of uncertainty in the global economy.
Investor reaction to president-elect Trump's election night triumph sent the Dow to record highs, but Dr. Perryman says the watch word is "volatility."
Uncertainty is generally bad for business. Companies function best when conditions are relatively predictable and they can plan accordingly. If firms are anxious about the future, then economic growth will be adversely affected.