{"id":1050578,"date":"2025-01-02T12:39:13","date_gmt":"2025-01-02T17:39:13","guid":{"rendered":"https:\/\/democrats.org\/?p=1050578"},"modified":"2025-01-02T12:39:13","modified_gmt":"2025-01-02T17:39:13","slug":"icymi-economists-say-trumps-maganomics-will-damage-growth-and-spur-inflation","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-economists-say-trumps-maganomics-will-damage-growth-and-spur-inflation\/","title":{"rendered":"ICYMI: Economists Say Trump\u2019s MAGAnomics Will \u201cDamage Growth\u201d and \u201cSpur Inflation\u201d"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"341\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?w=1024\" alt=\"\" class=\"wp-image-1038290\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png 1500w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=300,100 300w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=768,256 768w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=1024,341 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Point:<\/strong> \u201cMany economists in the US, who were polled jointly by the FT and the University of Chicago\u2019s 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. \u2026 Overall, more than half of the 47 economists polled specifically on the US economy expect \u2018some negative impact\u2019 from the Trump agenda.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ft.com\/content\/d6f58952-a0ad-4db2-ac70-2b8f075c7ada\"><strong>Financial Times<\/strong><\/a><strong>: Donald Trump\u2019s \u2018Maganomics\u2019 will damage growth, economists tell FT polls<\/strong><\/p>\n\n\n\n<p>By Valentina Romei, Sam Fleming, Colby Smith, and Olaf Storbeck<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Surveys of more than 220 economists in the US, UK and Eurozone on the economic impact of Trump\u2019s return to the White House showed <strong>most respondents believed his protectionist shift would overshadow the benefits of other elements of what the president-elect has dubbed \u201cMaganomics.\u201d<\/strong><br><\/li>\n\n\n\n<li><strong>Many economists in the US, who were polled jointly by the FT and the University of Chicago\u2019s 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.<\/strong><br><\/li>\n\n\n\n<li>Those include plans to impose blanket tariffs of up to 20 per cent on all US imports, mass deportations of undocumented workers, slashing red tape and making tax cuts introduced in 2017 permanent.<br><\/li>\n\n\n\n<li><strong>Overall, more than half of the 47 economists polled specifically on the US economy expect \u201csome negative impact\u201d from the Trump agenda<\/strong>, and another tenth forecast a \u201clarge negative impact.\u201d<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201cMany economists in the US, who were polled jointly by the FT and the University of Chicago\u2019s 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. \u2026 Overall, more than half of the 47 economists polled [&hellip;]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1050578","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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