Carney Warns Global Growth Will Slow Amid Rising Debt and Trade Tensions

Bank of England Governor Mark Carney warned that global economic growth is likely to stabilize at a slower pace, citing rising debt levels in China and ongoing trade tensions with the US. Speaking in London, Carney emphasized that while there are risks to the outlook for global growth, he believes that growth will eventually stabilize around its new trend.

Carney's comments come as top-tier US officials arrive in Beijing ahead of high-level trade talks with China. The negotiations aim to resolve the ongoing trade war between the two nations, which could have significant implications for global markets if a deal is not reached by March 1st.

The Governor also touched on the Brexit saga, stating that it would be beneficial for both the UK and EU to secure a mutually agreeable deal. He noted that Brexit is a test of whether a new global order can prioritize openness while enhancing democratic accountability.