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Moody’s acknowledged trump’s threat to the American economy

Moody's признало Трампа угрозой американской экономике

The economic reforms of the candidate in presidents of the United States Donald trump (Republican party) can lead US to a prolonged recession and a significant reduction in the number of jobs in the country. On Tuesday, June 21, reports “Interfax”, citing data from Moody’s.

In the four years that trump will remain in power, unemployment in the United States will rise to seven per cent (currently 4.7 per cent), and the number of jobs will fall by 3.5 million, predicts Moody’s.

The Agency also warns that the us economy will become more isolated and weakened — will decrease the volume of trade, immigration and foreign direct investment.

Moody’s said that in the near future it is planned to analyse the economic program of the presidential candidate of the Democratic party — Hillary Clinton.

One of the key points of the economic program of the trump tax cuts for individuals, and corporations. It is expected that this will lead to higher U.S. budget deficit.

In late may, trump has secured the nomination from the Republican party, with the support of the electors 1238 (one vote more than necessary). The United States presidential election will be held on 8 November.

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