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The economics of populism

Understanding this force is critical to positioning portfolios actively in a changing landscape.

Published Fri, Jun 16, 2017 · 09:50 PM

    THE populist phenomenon has grabbed headlines since last year, but unlike many political trends, this one has the potential to create significant global headwinds for economic growth and markets. For investors, understanding this force is critical to positioning portfolios actively in a changing landscape.

    Despite differences, most populists are anti-globalisation: The populist movement certainly does not share a uniform agenda, particularly in its approach to business and markets:

    • Some populists - such as US President Donald Trump or Geert Wilders, head of the Netherlands' PVV party - have policies that are explicitly market-friendly.

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