Changes in the Global Economy and New Uncertainties
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摘要:
The election of Donald Trump as President of the United States is another major event following the United Kingdom's exit from the European Union,and indicates that the deep repercussions of international financial crisis are spreading into the social and political realm.Populism,anti-globalization,and protectionism will dominate the future policy trend of the United States and Europe.Trump's election victory initially triggered a slump in the US stock market,a fall of the dollar and a rise in the price of gold,but it was soon replaced by sustained appreciation of the dollar,with three major US indexes hitting a record high.This suggests that the international market is starting to envision a positive impact from Trump's economic policy.Various signs show that after eight years' of profound readjustment,the world economy is looking forward to a period of further readjustment and change.