Key Takeaways

• In January, the Economic Policy Uncertainty Index surged to 428.9, hovering near COVID-19 highs.
• This index has tracked global economies since 1997, leveraging a variety of metrics ranging from media coverage of trade to differences in economic forecasts by the Federal Reserve.
• New trade wars are driving up uncertainty, as range of consumer goods—from groceries to automotives—could rise in price.

This graphic shows global economic policy uncertainty since 1997, based on the Economic Policy Uncertainty Index.

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