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Global economy chiefs fret over a Trump return as US election draws closer

  • Global economy leaders express concern about high uncertainty surrounding the upcoming U.S. presidential election and its potential impact on policies.
  • Concerns arise that Trump's win could lead to a larger deficit and higher long-term rates, negatively affecting emerging markets.
  • Economists note that tariff imposition could provoke global retaliation, complicating disinflation efforts for central banks.
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Global economy chiefs fret over a Trump return as US election draws closer

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election.

·United Kingdom
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The Straits Times broke the news in Singapore on Monday, October 28, 2024.
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