WITH Donald Trump’s odds of winning the US presidential election in November 2024 soaring, global markets and investors are anxious about what the Trump 2.0 would mean for the US and global economy.
The US economy is in good shape. The economic growth rate is decent (2021-2023 at 3.4% per annum, estimated at 2.7% in 2024 and 1.9% in 2025), June unemployment of 4.1% is near historic lows, wages are rising and household net wealth has risen by around US$40 trillion since the pandemic.
