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8 November 2024

What the Trump presidency could mean for the UK economy

Tariffs, taxes and interest rates are about to be decided by an unpredictable president.

By Will Dunn

Here are two stupid questions you can ask about the result of the US election. The answers could help us understand what it could mean for the rest of us.

The first stupid question is why Americans are so deluded about their own economy, which was the most important issue in voting. Most Americans believe their country to be in recession. In fact the US has grown at twice the rate of other developed economies under the Biden administration, which also pulled off the economic miracle of bringing inflation down from double digits without precipitating a recession. Why don’t Americans get this?

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