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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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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.