‘Trump win to cost USA $1 trillion’

LONDON: The US economy could be $1 trillion smaller than otherwise expected in 2021 if Donald Trump wins the election in November, economics research firm Oxford

LONDON: The US economy could be $1 trillion smaller than otherwise expected in 2021 if Donald Trump wins the election in November, economics research firm Oxford Economics have said. While Trump’s policies including more protectionist trade measures, tax cuts and mass deportation of illegal immigrants - may be watered down in negotiations with Congress, they could have “adverse” consequences. “Should Mr. Trump prove more successful in achieving adoption of his policies, the consequences could be far-reaching – knocking 5% off the level of US GDP relative to baseline and undermining the anticipated recovery in global growth,” it said. Oxford Economics is an independent global advisory firm.

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