Watch: US jobs, the economy and Trump’s reelection hopes
As we wait for today's big US jobs report numbers, just how vital is the economy to Donald Trump's reelection chances? Despite being in the deepest recession since the second world war, America is bouncing back from the Covid-19 shutdown and ING's James Knightley's says the president can point to some successes
US jobs, the economy and Trump’s reelection hopes
If it's 'the economy, stupid', then what are Donald Trump's chances of reelection in November? Over the past 80 years or so, only two incumbents have been defeated when America has been mired in recession; Jimmy Carter and George Bush Senior. Right now, the US is experiencing its deepest recession since World War Two.
But even Mr Trump's fiercest critics wouldn't put all the blame on him given the global coronavirus pandemic. He can also point to both the labour and equity markets which are performing relatively well. ING's James Knightley in New York says if the president loses the election, it wouldn't necessarily be the economy's fault this time.
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2 October 2020
Focus on America amid Trump’s coronavirus bombshell This bundle contains 6 articlesThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more