Global news wrap: US election, China stimulus, rising debt, climate crisis
Subscribe to enjoy similar stories. Every month, Mint's Plain Facts section gives you an update on key global data to threads together the big developments worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it could affect India.
This month we track the US presidential race and consider its potential impact on India, explain how China has revived its stock market but maybe not its economy, and find out why rising public debt and the climate crisis are continuing to cause worry. The high-octane US presidential campaigns are drawing to a close with the two candidates locked in a neck-and-neck battle and global markets roiled by uncertainty. Democratic Party nominee Kamala Harris and Republican party nominee Donald Trump have been close in the polls since she joined the race in late July after Joe Biden pulled out.
However, swing states such as Arizona and Georgia, where Trump is leading, could change the course of the election on 5 November. According to FiveThirtyEight’s daily election poll tracker, an average of several surveys, the race has become tighter in the past 10 days, but the markets see a greater likelihood of a Trump win. While a Harris win could bring relief to Indians on immigration policy, Trump’s plan to revive aggressive trade tariffs on China could open up economic opportunities for India – but also disrupt global trade dynamics.
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