Trump’s economic policies may have number of long-term effects

In a recent article, we discussed the short-term effects of President Trump’s economic policies on global equity and bond markets. Today, we will try to analyse the long-term effects, which have drawn particular attention.

In general terms, the current state of the US economy is deemed satisfactory, notwithstanding the deterioration of certain macroeconomic indicators: lower but still positive growth in the first half of 2025 (1.2 per cent), relatively moderate