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For those of us who were wrong about the United States' presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a dispassionate judgment about what Donald Trump's administration may mean for the world. So here are 10 likely consequences of the Trump presidency, divided equally between the good and the bad.The good news starts with U.S. growth, which will almost surely accelerate well above the 2.2 percent average annual rate during President Barack Obama's second term. Thus, Trump will be able to implement the Keynesian fiscal stimulus that Obama often proposed but was unable to deliver.A second, more immediate, threat stems from enacting large tax cuts and boosting public spending in an economy already nearing full employment, which implies accelerating inflation, higher interest rates, or probably some combination of the two.Finally, the most dangerous consequence of Trump's victory may be its contagion effect on Europe.
Has a no-deal Brexit become more likely?
The world economy goes Hollywood
Once seen as impossible, could
canceling Brexit now be inevitable?
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