Washington-SANA
With the approaching date of the US presidential elections scheduled for the third of next November, the US economy will deepen its backward slide, as Foreign Policy magazine, which specializes in global issues and current international events, as well as US domestic and foreign policy, confirmed in a report yesterday.
The American newspaper clarified that the sharp political tensions ahead of the election date and the negative signals made by President Donald Trump through his adherence to power and his questioning of the integrity of the elections cast a negative shadow on the US economy.
The magazine likened the current situation in the United States to what emerging markets are going through, considering that it paves the way for deep economic problems and social unrest, as the stable institutions of governance, peaceful competition for power and mutual recognition of the legitimacy of the election results may become part of the past in the United States.
Although the magazine ruled out in its report the possibility of a “civil war or civil disobedience” outbreak at the present time, it emphasized that what is clear is that the current presidential elections will be different from any election in modern American history and will have a profound effect on the economy.
What Foreign Policy warned of was its prediction last September, the "Fix" index or what is known as the "fear index" that the upcoming US elections will be the worst expected confusing event for financial markets since the index appeared in 2004, while hedge fund managers, or what is known as "preventive portfolios," are looking at “In Wall Street markets to the election as the biggest threat to the stability of financial markets in 2020.
According to data from the specialized Geoquant Foundation, the percentage of corporate risk in the United States has risen to 29 percent in the last 8 years.
For their part, American economists believe that what America has reached is due to Trump's policies in order to stay in power, which focused on fueling societal divisions and questioning the legitimacy of elections at a time when the United States is experiencing economic instability, according to Reuters.
Maher Othman
