Mr Carney said trade worries had worsened since the Bank of England published its last quarterly Inflation Report back in May - which had pencilled in an expectation that growth would stabilise soon before returning to normal next year. The governor of the Bank of England , Mark Taylor , has said US trade tensions between China , Mexico and Europe could be far more " pervasive , persistent and damaging " than previously imagined . Speaking in 2015 , Carney said the global economy had switched from a " robust , broad - based expansion to a widespread slowdown " , but it remained to be seen whether trade tensions would " shipwreck the global economy or prove to be a tempest in a teacup " .
The governor of the Bank of England , Mark Taylor , has said US trade tensions between China , Mexico and Europe could be far more " pervasive , persistent and damaging " than previously imagined . Speaking in 2015 , Carney said the global economy had switched from a " robust , broad - based expansion to a widespread slowdown " , but it remained to be seen whether trade tensions would " shipwreck the global economy or prove to be a tempest in a teacup " .