INTERVIEW – The chief economist of Société Générale believes that the next president’s policies could give a boost to the American economy but warns of a possible return of inflation.
Michala Marcussen, director of economic studies at Société Générale since 2017, explores the economic effects of Donald Trump’s re-election.
LE FIGARO. – Donald Trump is not yet in power and he is already announcing customs duties on Mexico and Canada. Will Trump 2 be more offensive than Trump 1? ?
MICHALA MARCUSSEN. – Two visions circulate on the markets. Some expect more of a Trump 2 in posture and a moderate impact on the economy, others on the contrary anticipate a great determination to implement “Maga” policies. His first declarations, this week, on an increase prices argue more for the second option. Imposing 25% on Mexico and Canada is far from trivial, but it may only be a tough position at the start of negotiations.
How do you interpret his first nominations ?
There are two trends, with figures close to the markets, such as Treasury Secretary Scott…
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