US President Donald Trump is poised to put his economic policies to the test next year as a second term begins. His administration has promoted lower taxes, reduced regulation and a domestic-focused trade policy to boost growth. Critics argue that this approach may not lead to sustained acceleration despite claims it will lift all boats.
The theory behind Trump’s economic plan bears resemblance to Reaganomics, where a growing GDP reduces the burden of the massive fiscal deficit. However, experts remain skeptical about its potential effectiveness in 2023.
Source: https://www.bloomberg.com/news/newsletters/2024-12-07/-animal-spirits-may-face-a-cold-reality-in-a-trump-economy