Concerns have been mounting about the persistence of US exceptionalism amid high stock market valuations, a long-mooted recession and President Trump’s potentially inflationary and fiscally lax policy platform.
While a degree of caution is warranted, in our view there is no need for investors to wear out their worry beads. The US boasts a number of structural advantages that mean its economic hegemony is not going to dissipate anytime soon. Here are seven. An 800-pound gorilla in the global economy With its nominal GDP exceeding $27trn, the US economy remains the biggest in the world by a distance. Next US president set to inherit an economic hodgepodge It has grown by 11.9% since 2019, expanding 8.7% compared with pre-Covid levels, far outpacing Canada (5.5%), France (3.7%), I...
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