• About
  • Advertise
  • Contact
Friday, June 6, 2025
Manhattan Tribune
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
Manhattan Tribune
No Result
View All Result
Home Business

Bloomberg: The American economy will not be affected whether Trump or Harris wins Economy News

manhattantribune.com by manhattantribune.com
15 October 2024
in Business
0
Bloomberg: The American economy will not be affected whether Trump or Harris wins Economy News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


10/15/2024–|Last updated: 10/15/202403:42 PM (Mecca time)

A study conducted by Bloomberg expected that the rate of inflation and growth in the United States would be approximately the same, whether Vice President Kamala Harris or former President Donald Trump wins the upcoming presidential elections, despite economists’ belief in better opportunities for the American economy in general if Harris wins.

Bloomberg said on Tuesday that according to the study it conducted from October 7 to 10, which included a poll of 29 economists, the personal consumption expenditures price index – which is the common measure of consumer inflation favored by the US Federal Reserve – is expected to rise. By 2.2% annually on average over the next four years under either candidate’s leadership.

Expectations were for GDP growth at an average annual growth rate of 2%, regardless of who wins the election.

Both rates are slightly higher than the Federal Reserve’s long-term estimates, which target a 2% rise in personal consumption spending inflation and a 1.8% improvement in gross domestic product.

Bloomberg said that this is part of the reason why interest rates remain relatively high under the leadership of either candidate, although economists see borrowing costs falling more under the Harris administration compared to the situation with Trump.

As the presidential election approaches next November, economic experts warn that the former president’s policies may lead to higher prices for consumers and reflect negatively on international trade without the United States reaping definite benefits from them.

The stated goal of Trump’s policies is to rely on tariffs to increase state revenues and use this as a card to pressure countries such as China, while encouraging companies to return their production centers to the United States.

“Other countries, after 75 years, will finally have to pay us back for everything we’ve done for the world,” Trump said during his television debate with his Democratic rival Kamala Harris last September.

He added during an election rally in Michigan recently, “Tax fees are, in my opinion, the most beautiful phrase.”

Tags: affectedAmericanBloombergeconomyHarrisNewsTrumpwins
Previous Post

Low-cost tactile sensor shows promise for large-scale robotic applications

Next Post

The Gaza war continues to put pressure on Israel’s economy and reduce its growth economy

Next Post
The Gaza war continues to put pressure on Israel’s economy and reduce its growth economy

The Gaza war continues to put pressure on Israel's economy and reduce its growth economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Blog
  • Business
  • Health
  • International
  • National
  • Science
  • Sports
  • Wall Street
  • World
  • About
  • Advertise
  • Contact

© 2023 Manhattan Tribune -By Millennium Press

No Result
View All Result
  • Home
  • International
  • World
  • Business
  • Science
  • National
  • Sports

© 2023 Manhattan Tribune -By Millennium Press