Will the second Donald Trump boom go bust?

Trump faces a more challenging economic landscape than he did in his first term, writes Kenneth Rogoff

As in 2016, Trump is inheriting a strong economy, which he nonetheless insists on mischaracterising as “terrible.”  Picture: Roberto Schmidt

What could Donald Trump’s victory in the US presidential election mean for the American and global economies?

In a December 2016 commentary titled “The Trump Boom?”, I argued that despite concerns about Trump’s personality and economic policies, it was entirely plausible that the United States could experience robust GDP growth during his presidency — albeit with a risk of higher inflation.