Trump reloaded: what to expect if he returns

LBBW Research has produced a comprehensive study on the possible consequences of the US election for the economy, for geopolitics and for the capital market. Pivotal at this point: the possibility of Donald Trump returning to the White House. It seems quite possible that a Trump 2.0 presidency will not be as radical as he announces himself. Yet, it is equally likely that Trump, if elected, will actually implement those things. Then, the USA will erect high customs walls to curb imports. The Euro area could fall into a recession of 1.5 % next year as a consequence. The European stock markets would suffer and the ECB would have to aggressively cut interest rates. It is high time to prepare for a negative scenario. In politics, but also in your portfolio.