Decreasing economic growth and increasing inequality leads to increased uncertainty.

Once Brexit has actually been implemented, the world will be a very different place.

Decreasing economic growth and increasing inequality leads to increased uncertainty.

The U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and their policies are extremely hard to predict. And this has serious consequences. Companies shy away from risk, postponing their investment decisions in times of uncertainty, the stock markets get nervous and unemployment threatens to increase.

If you leave school at 16 then, in all probability, there is a machine that can do what you can do better and cheaper. And Trump can't do anything to change that.

The rise of populist parties such as the Five Star Movement in Italy and the Front National in France are rocking the political certainties of the last decades. And that also affects the economy.

Political stability was at most a factor in assessing developing countries or Russia. It is now also an issue in Western democracies.