The US economy closes 2016 on a relatively good note but questions remain over what President-elect Donald Trump will bring to the economic backdrop, says David Page, senior economist (US and UK) at AXA Investment Managers.
Speaking in the above video, which continues Professional Adviser's Architas Advent Calendar counting down to Christmas, Page discusses the early indications that Donald Trump's presidency will be marked by a corporate-focused fiscal stimulus. Page also expects the trade tariffs and protectionist measures Trump campaigned on will be de-emphasised. He said: "We expect the new administration to focus on policies that will boost growth across 2017. We also expect to see export growth remain relatively soft with a subdued global environment and a strong dollar again. With this fiscal stimulu...
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