BREAKING NEWS

Trump fiscal plan could spur spending in Europe

By REUTERS

NOVEMBER 14, 2016 09:51

Donald Trump's election will lead to an era of fiscal spending that could lift growth in the United States and spur European governments to follow suit, said John Woods, Asia Pacific Chief Investment Officer at Credit Suisse.

Trump, the Republican nominee who last week unexpectedly defeated Democrat rival Hillary Clinton in the US presidential race, has promised to boost growth at home through a combination of heavy infrastructure investment and deep corporate tax cuts.

Although it is too early to say what measures the new administration will prioritize, or how they will fund them, Trump's control of both houses gives him great flexibility.

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