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Donald Trump’s ‘Maganomics’ will damage growth, economists tell FT polls

On both sides of Atlantic, most surveyed claim protectionist shift will overshadow benefits of other policies
Donald Trump has yet to lay out a comprehensive economic policy prospectus, meaning analysts are having to base their outlooks on pledges and threats made on the campaign trail

Donald Trump’s vision to reshape the world’s largest economy through protectionist policies that put “America First” will damage growth, according to Financial Times economists’ polls that contrast with investors’ bullishness over the US president-elect’s plans.

Surveys of more than 220 economists in the US, UK and Eurozone on the economic impact of Trump’s return to the White House showed most respondents believed his protectionist shift would overshadow the benefits of other elements of what the president-elect has dubbed “Maganomics”.

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