”The global economy is on tenterhooks on the eve of the US presidential election, which takes place next Tuesday, 5 November. Polls continue to suggest the outcome is a coin-toss • The stakes could hardly be higher, with a Harris win likely to see a continuation of the status quo, while a Trump win could mean significant new barriers to global trade, and downside risks to global growth • This month, we recap our extensive coverage of the US election so far • Spotlight: Climate disasters are becoming harder to ignore. Which countries are most impacted? • Regional updates: The darkening growth outlook in the Eurozone is increasingly impacting ECB policy, while in the Netherlands, growth is likely to be similarly subdued, despite recent strength • In the US, seasonal distortions are making it harder to discern a signal from recent economic data • In China, stimulus is being gradually unveiled, but full details may come only after the US election.”
Morten W. Langer
