Jason Broomer looks ahead to a year that could see rising inflation in the US, further strides from Europe's populist movements and the UK negotiating its way out of the EU, as the huge government deficit starts to bite.
In a US presidential race that featured two of the most unpopular candidates in history, it was inevitable someone appalling was going to be elected. Donald Trump's victory has, however, once again left the political pundits and financial markets astounded. Some of the president-elect's policies will act to stimulate the economy, others will fall flat. The trouble is, we do not have the detail and, frankly, even if we did, we still would not be much wiser as to whether they will work. That said, what we can be sure of is Trump represents a shift in economic regime away from monetarism...
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