Political uncertainty is affecting businesses negatively:
“As presidential
candidates Hillary Clinton and Donald Trump march toward the November election
ever closer in opinion polls, a new report finds political uncertainty on Main
Street is growing.
New data from the
National Federation of Independent Business finds a record 38 percent of small
businesses are citing political uncertainty as a reason not to expand — an
all-time high for the group’s monthly Small Business Optimism Index. This time
last year, political uncertainty was at just 20 percent.”
According to the economic consulting firm Oxford
Economics –
“A win for U.S.
presidential candidate Donald Trump could have grave implications for the
world's largest economy, according to Oxford Economics.
If Trump were able
to implement all of his proposed policies, that would undermine global economic
growth and knock 5 percent off where U.S. gross domestic product (GDP) would
otherwise be in 2021, U.K.-based economists Jamie Thompson and Sarah Maxwell
said in a note Tuesday. That would erase as much as $1 trillion off the
forecast size of the U.S. economy in 2021, Thompson said via email.”