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Donald Trump (left), Kamala Harris (right) (Credit: AFP)

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Impact of US election results on global economy

Published :  
04-11-2024 23:06|

The contrasting economic policies of the US presidential candidates have sparked debate about how the election outcome could affect the global economy and financial markets.

In an exclusive interview with Roya, economist and banking expert Moumen Mohisen noted that the US foreign economic policy will shift significantly depending on who wins the election.

Mohisen explained that a Trump victory would likely mean a focus on domestic over international policy, in line with his "America First" agenda. This approach could lead to reduced emphasis on international agreements and foreign aid. In contrast, Kamala Harris is expected to adopt a more globally integrated approach.

The expert also noted that inflation will be a top priority for the incoming president, which will heavily influence interest rate decisions. He added that this focus on inflation could drive gold prices to a record high as markets adjust to new economic directions.