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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The uncertainty of Trump's election promises: how it will affect the global economy


November, 29 2024
watermark Economic news

Despite the current successes of the American economy, Donald Trump's election promises on fiscal, trade and immigration policies remain a big uncertainty. It is unknown whether they will be implemented and with what consequences.


Analysts suggest partial implementation of election promises, emphasizing that other states may take retaliatory measures if US policy begins to influence the global economy.


At the moment, macroeconomic trends persist. Inflation in the leading economies is approaching the targets. Central banks are gradually lowering interest rates, but in the United States, expectations for rate cuts have increased, which has led to a stronger dollar and tighter financial conditions.


Experts expect US GDP to grow by 2% over the next two years, including partial implementation of Trump's proposed policy. At the same time, they emphasize that uncertainty about the policy of the new US administration remains high, and any implementation of it may affect inflation, rate hikes and lead to changes in the global economy.


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