JPMorgan: Trump's policies may be generally beneficial to the US economy, but how they are implemented will be key
Odaily reports that Sylvia Sheng, a global multi-asset strategist at JPMorgan Asset Management, said that Trump's economic policies could be generally positive for the US economy, but the order of policy implementation will determine the growth trajectory over the next two years. Emphasizing deregulation and boosting fiscal policy through extended tax cuts may improve business confidence, open up capital markets, and accelerate growth and asset returns. However, if the focus is on immigration and tariff policies, disruptions to labor supply or trade could have negative consequences. This could dampen economic growth and cause volatility in asset markets. Despite these uncertainties, JPMorgan expects the US economy to grow strongly by 2025, with GDP slowing to a trend level of 2.0% by the fourth quarter. (Gold Ten)
