Analysts: US Elections Will Have only Limited Positive Impact on the Economy | ČeskéNoviny.cz
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4 Articles
The impact of the Democrats' victory in the US elections on the US and European economies cannot be overestimated. US President Donald Trump's powers are strong and he will block each other with Congress. However, if they were to ease the US conflict with Iran and oil prices fell in the long term, this could have an impact on interest rates around the world, and thus on Czech mortgages, ČSOB analyst Jan Čermák told Novinky.
According to unofficial results, the Democrats, having secured 54 seats in the Senate and 228 in the House of Representatives, have ended the Republican majority. Economists have warned that the political deadlock and budget crises will increase uncertainty in global markets.
The outcome of the election lies clear, and it kindles a small hope that one day trade with the United States will return to normal. That day just lies behind Trump. Until then, the most likely thing is that the relationship will get worse, not better.
Prague - The results of the American elections will have only a limited positive impact on the Czech economy. This is according to analysts for ČTK. According to them, the further development of the conflict in Iran and its impact on energy prices will be key for the Czech economy. Democrats clearly won Tuesday's congressional elections and will control both the House of Representatives and the Senate. Thanks to this, they will be able to block …
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