220 economists: Trump's plans harm the economy

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220 economists: Trump's plans harm the economy
Photo: Rick Scuteri/AP/TT

Donald Trump's economic plans, including tariffs, will harm economic growth. This is the verdict of 220 economists after being surveyed by Financial Times.

The newspaper's survey was conducted with the help of economists from the USA, the UK, and the euro area.

Trump's economic policy – where the USA is put first and protectionism is expected to have a broad impact – is not unexpectedly considered to have the most negative impact on the euro area.

72 percent of the economists surveyed see a negative impact, while 13 percent see a very negative impact on the euro area. When it comes to the USA, the assessment among a majority of economists is a slightly negative effect on growth, while just over 10 percent see a significant negative impact.

One in five of those surveyed, i.e. 20 percent, are however more optimistic and believe in a slightly positive impact on the USA's economy.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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