220 economists: Trump's plans harm the economy

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

» Published: January 02 2025

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

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 TT News Agency - Translated and adapted by Sweden Herald under license from TT News Agency

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