TIME

Volatile politics rattle the global economy

THE ECONOMIC warning signs are flashing yellow. In Germany, the U.K., Italy, Brazil and Mexico, growth has stalled. In Japan, business confidence has turned negative for the first time since 2013. China’s industrial output is growing at its slowest pace in 17 years. An inverted yield curve has U.S. economists on recession watch.

But the real uncertainty is

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‘His is a government with no mandate, no morals and, as of today, no majority.’ JEREMY CORBYN, leader of Britain’s opposition Labour Party, on Sept. 3, when Prime Minister Boris Johnson’s Conservative Party lost its majority after one lawmaker defec