Global economy chiefs fret over a Trump return as US election draws closer
h debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election.
Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week.
Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.
«Everyone seemed to worry about the high uncertainty on who would become the next president, and what policies would be taken under the new president,» Bank of Japan Governor Kazuo Ueda said.
Another central banker, speaking on condition of anonymity, described the concerns more bluntly: «It's starting to feel like Trump is going to win.»
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