The latest election results in the U.S. may indeed mark a new era for the world. President-elect Donald Trump’s economic policies are likely to take center stage in his second term. Trump seems very likely to pursue the plans he promised during his campaign, including higher import tariffs and a major crackdown on illegal immigration. Accordingly, scenarios in which inflation may rise, and economic growth may weaken come to the fore. Policies toward economic growth, employment, and macro-financial stability, as well as more domestic incentives for high technology and manufacturing, are also anticipated. Yet, it also seems like Trump’s historic…
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