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Key risks ahead for the global economy

Sticky global inflation and China’s uneven economic recovery remain key risks too and a second Trump term would lead to elevated policy uncertainty

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    • Trump’s proposed changes to tax policies will likely have inflationary effects – a huge worry given the stickiness of inflation in the US.
    • Trump’s proposed changes to tax policies will likely have inflationary effects – a huge worry given the stickiness of inflation in the US. PHOTO: NYTIMES

    Heng Koon How

    Published Sat, Jul 13, 2024 · 05:00 AM

    THE US presidential election in November is in sharp focus after President Joe Biden’s poor television debate performance raised doubts over his ability to defeat his rival Donald Trump.

    There is the risk of elevated policy uncertainty should Trump win a second term as US president.

    The prospect of a Trump victory – and its impact on the US economy – is the biggest risk facing the global economy for the rest of the year and into 2025.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Global economyUS Presidential ElectionUS inflationChina economyWealth & Investing

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