Donald Trump is set to inherit a robust US economy once again, but this time, the global economic environment is much more unpredictable and tumultuous. Notably, the United States’ debt levels and interest rates have increased significantly since his last term in office. This shift in economic circumstances makes it less likely for Trump’s presidency to trigger an economic boom comparable to those seen during previous administrations.
Criticism from fellow economists and commentators was severe when a neutral assessment of Trump’s potential impact on the economy was offered, with many instead predicting a global recession and stock market downturn. However, this author remains cautious in their outlook, acknowledging that while a complete collapse is unlikely, the overall economic prospects for Trump’s second presidency are less favorable than initially anticipated.
Source: https://www.scmp.com/opinion/world-opinion/article/3290760/why-trump-economic-boom-much-less-likely-time-around