US President Donald Trump is likely to harm economic growth with his policies known as “Maganomics”, according to recent polls by the Financial Times. The FT conducted a survey of over 100 economists, who overwhelmingly believe that Trump’s trade and tax plans will have a negative impact on the economy. The poll found that nearly 80% of respondents think the policies will lead to lower economic growth and higher inflation. Experts warn that these policies could lead to increased protectionism, decreased global trade, and reduced consumer spending.
Source: https://www.ft.com/content/d6f58952-a0ad-4db2-ac70-2b8f075c7ada