Janus Capital's bond manager Bill Gross has said Donald Trump's victory will fail to spur economic growth, contrary to the views of many on Wall Street.
Speaking to Bloomberg, Gross (pictured) said Trump will not be able to secure economic growth despite planned high government spending on infrastructure. The President-elect has indicated he will spend more than $500bn on infrastructure including roads, airports and bridges. This is near double the amount Democrat rival Hillary Clinton had promised. In his victory speech, Trump said his policies will help double economic growth in the US, which calmed stockmarket falls on Wednesday. However, Gross remains sceptical, saying: "Growth is stunted, I do not think a Trump victory will do...
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