Economists predict that policies proposed by former President Donald Trump would result in higher inflation, national deficits and interest rates than those proposed by Vice President Harris, a new study shows. Ta. wall street journal find.
A new poll conducted from October 4th to 8th found that 68% of respondents believe inflation will rise faster under a second Trump term than if Harris were president. This is a 12% increase from when the media asked the question in July.
In contrast, the paper said, 12% of those surveyed thought inflation would rise even more if Harris took the Oval Office, with the remainder saying there was “no significant difference between the candidates.” .
Additionally, 65% of economists said they believe Trump's policies will increase the nation's budget deficit even more than Harris's agenda. This figure is up 14% from the magazine's July survey.
The findings were released shortly after the Committee for a Responsible Federal Budget estimated that the plans proposed by both candidates could add trillions of dollars to the national debt by 2035. However, the report revealed that President Trump's tax and spending plan could double the national debt. The national debt is the same as that brought about by Harris.
The budget watchdog found that Harris' plan could increase the national debt by $3.5 trillion over the next 10 years, compared to an estimated $7.5 trillion increase in the national debt under Trump's plan. .
The magazine's latest survey also asked economists about the potential impact of some of President Trump's proposed tariffs on domestic manufacturing jobs. Fifty-nine percent of economists say employment will decline, while 16% say it will increase in the next few years. The remaining respondents said their employment would remain unchanged.
Additionally, a majority of economists surveyed expect interest rates to rise in President Trump's second term, with 61% of those surveyed saying the same.
The paper said 45% of economists expect economic output to expand faster under an overall Harris administration, compared with 37% and 18% who see “no real difference” under Trump. are.
Moody's Analytics also predicted in a July analysis that President Trump's economic policies would accelerate inflation and slow growth.
