Economists Say Trump’s ‘MAGAnomics’ Will Hurt Growth

“Donald Trump’s vision to reshape the world’s largest economy through protectionist policies that put ‘America First’ will damage growth, according to Financial Times economists’ polls that contrast with investors’ bullishness over the US president-elect’s plans,” the Financial Times reports.

“Surveys of more than 220 economists in the US, UK and Eurozone on the economic impact of Trump’s return to the White House showed most respondents believed his protectionist shift would overshadow the benefits of other elements of what the president-elect has dubbed ‘MAGAnomics.'”

“Many economists in the US, who were polled jointly by the FT and the University of Chicago’s Booth School of Business, also believe a new Trump term will spur inflation and lead to more caution from the Federal Reserve on cutting interest rates.”