A Trump presidency is expected to remove the risk of prolonged election disputes and introduce reflationary policies that reinforce U.S. economic dominance, according to the bank.
According to Barclays, a more stable labor market and renewed manufacturing activity could further uplift global markets. Nonetheless, Barclays cautions that “tariffs risk is real” for Europe, with the threat of U.S. tariffs on European goods adding pressure. While rate cuts should ultimately stimulate consumer spending and manufacturing, the bank believes Europe’s reliance on global conditions and risks from potential tariffs mean it may trail behind the U.S.
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