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US election: High economic and financial risks ahead
Campaign promises on taxes and trade, particularly those by Donald Trump, are likely to have a destabilising impact if carried out.
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Supporters attending Democratic presidential nominee Kamala Harris’ campaign rally in Washington, the US, on Oct 29.
PHOTO: AFP
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As the US election draws nearer, analysts have been focusing on what they call the “Trump trade” and the “Harris trade”. They are referring to mainly how financial assets will perform depending on which candidate wins, and have come up with various recommendations.
However, what happens to the macro economy after the election – particularly the US fiscal deficit, debt, inflation, trade and economic growth – could send a lot of market predictions haywire.
