ML-Implode News - Barclays Warns â€˜Politics of Rage' Will Slow Global Growth

Trade volumes have stalledÂ while theÂ "politics of rage" has taken root in advanced economies, driven by a collapse in the perceived legitimacy of political and economic institutions, a new report from Barclays Plc warns.Â The result, the bank says, isÂ an oncoming protectionist lurch--restrictions on the free movement of goods, services, labor, and capital--combined with an erosion of support for supranational bodies, from the European Union to the World Trade Organization.
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"Because we are so used to disinflation being the objective, it is difficult to get our heads around the following: if American politics shifts to address middle class insecurity and inequality by introducing tighter immigration, protectionism, and moves to higher wages, then inflation will become not just the unintended consequence of policy, it will become policy itself," McWilliams wrote.

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Barclays Warns â€˜Politics of Rage' Will Slow Global Growth