NOT many would have thought that 2025 would be a turbulent year for financial markets, despite early warning signs from Donald Trump’s campaign for the US presidency back in November 2024.
Before the November election itself and according to the Committee for a Responsible Federal Budget’s estimates, Trump’s campaign promises are expected to see the US fiscal debt position rising by between US$7.5 trillion and to as high as US$15.2 trillion, potentially pushing the national debt to 142% of gross domestic product by 2035.
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