Scotiabank: Businesses and markets have reason to be cautious about Trump 2.0
Derek Holt, an economist at Canada's Bank of Nova Scotia, said that after the US election, businesses and markets have reason to be very cautious about the future. The surge in protectionism is almost certain to overshadow the global economic outlook and become a negative factor for US and global economic growth. "Implementing fiscal stimulus for the US economy with excess demand will once again trigger inflation risks and yield increases, and the mixed effects of tax cuts and spending cuts are uncertain, but the former may outweigh the latter and further increase the US fiscal deficit," Holt also believes that negative demographic impacts, negative investment impacts from less investment in clean energy, and supply chain risks will all bring risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC breaks through $98,500
UK to Draft Regulatory Framework for Crypto Industry by Early Next Year
Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant
Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.
US dollar index DXY breaks through 108