NYU Stern School of Business Emeritus Professor Nouriel Roubini discusses how the “pro-business” Trump administration could grow the US economy and lower inflation.
“We don’t know yet what his [Donald Trump] economic policies are going to be – some of them may lead to greater growth and lower inflation in the US and globally,” Mr Roubini said.
“Being pro-business keeping the tax rate low, deregulation maybe increasing further production of energy in North America.
“So, we don’t know yet on whether it’s going to follow policy that will lead to more growth and low inflation as opposed to stagflationary policies, that lead to lower growth and higher inflation – but there are more questions than answers for the time being.”
This post was originally published on here
