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What does Trump’s return mean for the global economy?

January 22 2025, 19:00

What impact will the “golden age of America” have on the global economy? Since Trump’s re-election as president of the United States, this issue has been at the center of various expectations in the global economy. After the inauguration ceremony and a number of already signed orders, the issue not only became relevant again, but also had some practical manifestations. Naturally, a quick reaction was observed in financial markets with fluctuations in the indices.

Of course, these are hypersensitive reactions, but clearly interrelated in the context of the main expectations of Trump’s economic policy.
By the way, there are quite a lot of discussions and assessments in the expert community that Trump has put the European Union in front of a choice between China and the United States, again, with undisguised threats of using so-called trade war tools.

Among expectations, perhaps even more realistic are the expected changes in the energy market in the face of the US decision to increase production. This means an increase in supply, which automatically leads to a drop in prices, which, due to a causal relationship, will affect the growth of gold prices as the most reliable capital.

At the same time, in a region closer to us, in the light of possible changes in US-Russian relations and the possibility of easing anti-Russian sanctions, such a scenario may become a reason for an even greater weakening of Armenia’s external influence.

Of course, given Trump’s unpredictability, it will be difficult to fully assess what awaits the global economy. However, the recent IMF forecasts regarding these expectations are quite interesting, with the growth of the global economy in 2025 estimated at 3.3%, an improvement of 0.1% from the previous forecast. In the case of the US it is 2.7%, Eurozone 1%, China 4.6%, Russia 1.4%, Germany 0.3%.
And time will tell what impact Trump’s foreign and domestic economic policies will actually have on the global economy.