The Business Times
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NEWS ANALYSIS

Recession may be the only thing that can save Trump

Former US president is sliding in the polls against Kamala Harris, and an economic malaise could harm her chances

    • Trump has celebrated the latest market developments on his social media accounts, blaming the Biden administration for the emerging slowdown.
    • Trump has celebrated the latest market developments on his social media accounts, blaming the Biden administration for the emerging slowdown. PHOTO: EPA-EFE

    Rob Curran

    Published Tue, Aug 13, 2024 · 05:00 AM

    DONALD Trump is sliding in the latest polls against his Democratic challenger Kamala Harris, and the only thing that can save him as the election looms large might be the arrival of a recession.

    Stock markets worldwide were hammered last week by fears that the Federal Reserve was changing its monetary policy too late to avert a major recession in the world’s largest economy.

    Consumer-oriented companies such as Airbnb and McDonald’s have corroborated worrying signs in the latest labour market data, warning that demand for their services is dwindling in the US.

    Kamala HarrisDonald TrumpUS elections

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