Scotiabank: Businesses and markets have reason to be cautious about Trump 2.0

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Cointime2024/11/06 16:22

By:Cointime

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.

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