Posted 1/13/2024, 9:30:01 PM
2024 Elections: Uncertainty Ahead for Global Economy and Markets
- 2024 will be the biggest global election year ever with major countries like the US holding votes, impacting the economy and markets
- Election results may continue trends like polarization, populism, democratic decline, and fragmentation - negative for growth
- A Trump victory could dismantle Biden policies via executive orders, like imposing tariffs that could spark trade wars
- Election uncertainty typically means higher volatility and risk premia for markets
- The continued erosion of democracy globally creates higher volatility and lower multiples over the long run