The messages of President of the United States, Donald Trumpabout the economy are optimistic. However, the data that the bag reflects say otherwise and some experts, even come a clear parallelism with the great depression of 1930, caused after the Crac of 29 and that involved a great worldwide financial crisis that lengthened throughout the decade.
Despite the obsession of the Republican for the economy since he arrived at the White House, the forecast for the first quarter of this year It is a drastic fall of the gross domestic product (GDP) caused, in part, by their fluctuations, which are stirring the stock market. Even, as the expert indicates Santiago CarbóProfessor of Economics at the University of Valencia, it is expected that in the long term “Upload inflation“, which is going to” force the Federal Reserve to maintain high interest rates. “Something that Trump himself will not like.
“Your comings and goings He is putting the nervous market. But also, not having a clear strategy, is generating a situation of great uncertainty that we do not know how far the professor says.
The United States faces the third consecutive week with falls on Wall Street due to Trump’s fluctuations, They are those who have agitated the stock market, but it seems that the president -elect does not worry at all and looks the other way. “I’m not even looking at the market,” he said a few days ago.
This week has been convulsive for the investments. To start it, on Monday 3, Donald Trump confirmed the imposition of tariffs both to Canada and Mexicowhich caused generalized falls in the stock market, such as the Dow Jones stock index, to which companies such as Apple, Microsoft or Boeing belong. Some tariffs that, as we met this Wednesday, the president of United States has finally decided to postpone a monthuntil next April.
A measure that, in part, benefits the country since, as Santiago Carbó explains, “Canada is one of the great energy suppliers” and, this, “it was going to generate cost problems for American companies.”
The “modification” of the entry into force of these tariffs too made index rebound and Down Jones rose in 1.1 points.
However, on Thursday, March 6, The Challenger report announced that layoffs grew 245% more compared to January. A third of them because of their management. This caused a new drop in the stock market that, according to experts, for the first quarter of this year is expected a drastic fall of the US GDP, which not only worries on Wall Street, also worries about the impact it can lead to the Spanish Ibex.
Source: Lasexta
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