As the US election approaches, the potential economic outcomes are on everyone’s mind. Regardless of the result, the economy is poised for significant changes driven by the policy decisions of the next president and Congress. From tax cuts and spending adjustments to tariffs and trade relations, these changes will have far-reaching impacts.
Key Scenarios Explored:
- Limited Trump Scenario: Potential effects of extending Trump tax cuts, immigration restrictions, modifying defence spending, and imposing tariffs on key imports.
- Full-Blown Trump Scenario (15% odds): More aggressive tax cuts, substantial increases in spending, and higher tariffs on imports from China and other nations.
- Trump & Divided Government: A mix of tax cuts and moderate spending changes and their economic implications.
- Harris & Divided Government: A different approach to tax cuts, spending, and tariffs, and its potential impact on the economy.
Each of these scenarios offers a unique perspective on how the economy could evolve, affecting growth, inflation, and markets. To stay informed and ready for what’s ahead, download our detailed executive summary that delves into these possible futures shaped by the upcoming US election.
For more insights on the 2024 US Presidential Election, click here.
