From COVID-19 to Brexit, this is how uncertainty affects the global economy

Jan 25, 2021

a stock trader reacts to a fall in the markets

Uncertainty from key events spills into global economic markets. Image: REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS IMAGES OF THE DAY) - GM1E7890GO201

Nicholas Bloom

Professor of Economics, School of Humanities and Sciences Senior Fellow, Stanford Institute for Economic Policy Research

Davide Furceri

Economist, IMF’s Research Department

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A graph charting changes in global uncertainty and there causes.

Key events have lead to changes in global uncertainty in the past decades. Image: IMF

The US is highly influential on global uncertainty. Image: IMF

a graph showing how brexit has contributed to uk uncertainty

Brexit has been a major contributor in British uncertainty. Image: IMF

a map showing how key G7 economies have contributed to global uncertainty

Other G7 have had little impact on global uncertainty. Image: IMF

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