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Nathan Sheets

What US election result will mean to global economic policies

Trump has been careful not to push the economy or markets beyond breaking point. But would he be as careful when no longer contemplating re-election?

Nathan SheetsContributor

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In early November US voters will be faced with a distinct choice: Donald Trump or Joe Biden. Each offers a dramatically different vision for America. This is true for foreign policy, national defence and social issues. It's also resoundingly true for economic and regulatory issues.

Trump's economic policies boil down to a vigorous push for growth at home and pursuit of his "America First" agenda abroad. Biden is calling for more active and expansive government efforts to address inequality and to provide critical investments in people, infrastructure and the environment.

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Nathan Sheets is chief economist and head of global macroeconomic research at PGIM Fixed Income.

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    Original URL: https://www.afr.com/wealth/personal-finance/what-us-election-result-will-mean-to-global-economic-policies-20200903-p55s4o