10 economic consequences of Donald Trump's election win

The US president-elect's policies are likely to be good for domestic growth - but rhetoric on trade is likely to have global implications

For those of us who were wrong about the US presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a dispassionate judgment about what Donald Trump's administration may mean for the world. So here are 10 likely consequences of the Trump presidency, divided equally between the good and the bad.

The good news starts with US growth, which will almost surely accelerate above the 2.2% average annual rate during Barack Obama's second term. This is because the Republican aversion to public spending and debt applies only when a Democrat like Obama occupies the White House. With a Republican president, the party has always been glad to boost public spending and relax debt limits, as it was under Presidents Ronald Reagan and George W Bush. Thus, Trump will be able to implement the Keynesian fiscal stimulus that Obama often proposed but was unable to deliver.

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