Global Economics

Global Economics Update

24 November, 2016

Taking stock of Trump’s victory

The prospect of a large fiscal stimulus under a Trump presidency has prompted us to raise our forecasts for US growth and inflation but we have left our economic forecasts for the rest of the world largely unchanged. The main short-term effect may be felt in financial markets due to an even greater divergence in monetary policy between the US and elsewhere. Further ahead, though, there is a growing risk that protectionism will undermine global trade and growth.

There is still plenty of uncertainty

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