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The conflict with Iraq seems to have hurt the economy by helping cause a rise in oil prices early this year and also by heightening uncertainty.
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The terrorist attacks have significantly heightened uncertainty in an economy that was already weak.
It is also expecting capital flight from Russia to continue amid heightened uncertainty.
Heightened uncertainty and concerns about a deterioration in business conditions both here and abroad are damping economic activity.
The reasons are familiar: weak demand, constraints on spending and heightened uncertainty over interest rates and economic conditions.
By taking this ambiguous position, Trump has heightened uncertainty about the future of Obamacare, and that uncertainty has itself become a major factor in weakening the program.
"Despite such immense progress many citizens in advanced economies are facing heightened uncertainty, lamenting a loss of control and losing trust in the system.
"That had mainly reflected heightened uncertainty, which had reduced demand for a range of professional and financial services," the report said.
Tusk made clear that Trump's victory heightened uncertainty about transatlantic relations, and called for Europe to get its act together and restore confidence.
Asian stock markets have been pummelled by election results in France and Greece that have heightened uncertainty about Europe's ability to solve its debt crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com