The Economics Analyst of CNN Thais Herédia stated that the economic plans of candidates Donald Trump and Kamala Harris for the presidency of the United States present significant risks of inflation and an increase in the fiscal deficit.
According to Herédia, both proposals have inflationary potential.
In Trump’s case, deregulation and drastic tax cuts are the main concerns. Kamala, on the other hand, proposes increasing subsidies and controlling prices, measures that could also put pressure on inflation.
Trillion-dollar fiscal impact
The analyst highlighted that, in addition to the inflationary risk, the candidates’ proposals could significantly worsen the United States’ fiscal deficit.
Heredia said Trump’s plan could generate a deficit of nearly $6 trillion during his term, while Kamala’s would result in a deficit of more than $1 trillion.
The analyst highlighted that, although the inflationary impact tends to be felt more quickly, the fiscal problem is equally worrying in the long term.
However, Herédia notes that these economic issues are unlikely to enter the political debate in any depth.
The expert concludes that, regardless of the candidate elected, the United States will face significant economic challenges in the coming years, with potential consequences for the global economy.
This content was originally published in Analysis: Trump and Kamala’s economic plans are inflationary on the CNN Brasil website.
Source: CNN Brasil
Bruce Belcher is a seasoned author with over 5 years of experience in world news. He writes for online news websites and provides in-depth analysis on the world stock market. Bruce is known for his insightful perspectives and commitment to keeping the public informed.
