Summary of 4 Key Challenges for the Global Economy this Autumn

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4 Key Challenges for the Global Economy this Autumn summary
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With the world on a better macroeconomic footing in 2016 than it has been for several years, potential political hazards are now at the forefront of concern for the global economy. In this brief article, Anders Borg of the World Economic Forum provides insights about risks that confront the United States, Europe, Russia and China. getAbstract recommends this informative analysis to business and financial executives, policy makers, and investors who want an idea of what might lie ahead for the global economy.

About the Author

Anders Borg leads the Global Financial System Initiative at the World Economic Forum.

 

Summary

In the fall of 2016, the global economy and world financial markets have reasons to be warier of political risks than of purely economic ones.

In the United States, markets say the most likely US presidential election outcome is a winning Hillary Clinton bid, leading to an administration that would mainly continue Obama-era policies. However, if Donald Trump is elected, massive deficits from tax cuts and large decreases in both trade and immigration might result. These developments would mean less economic growth and global competitiveness, as well as a depreciated...


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