8 February 2017
Monthly Economic Update
Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.
Key points to remember
Reality Trump, Reality Check
From ‘Reality TV’ to ‘Reality President’, Donald Trump’s controversial flurry of decrees has so far left the rally in stocks and the US dollar largely intact. This is partly because the incoming economic data inside and outside the US has been generally upbeat. But the key is that the markets remain confident of the delivery of growth-enhancing fiscal and deregulation measures and sceptical that the Trump administration will deliver damaging protectionism. This may be severely tested, not least as the political atmosphere elsewhere is set to get more challenging, which may limit tolerance of Trump’s nationalist agenda.
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