Trump's economic plan would lead us to recession, Moody's says

                     

Washington-Moody's Analytics, a subsidiary of the credit rating agency Moody's said on Monday that if the virtual Republican candidate for President of the United States, Donald Trump, win the November elections and carry out his economic plan, the country will "prolonged recession".

In a report published today entitled "The macroeconomic consequences of the economic policies of Trump," Moody's Analytics transferred real estate Tycoon's proposals in the field of taxation, financial, trade and migration, based on them, designed the possible course of the American economy.

"In the scenario in which all policies that (Trump) advocates become law as proposed, the economy would suffer a prolonged recession and would be smaller at the end of his four-year term when he came to the Presidency", assured the report.

According to Moody's projections, at the end of the mandate of the Republican there would be 3.5 million jobs the least in the US; the unemployment rate would rise from the current 5% to 7%; the average income per household deducted the inflationestagnaria; and real estate markets and the stock market would lose value.

However, the subsidiary of qualification Agency also contemplated other scenarios,such as one in which the Congress (was under control Republican or Democrat) restricted enough the ability to Trump to implement policies that advocates on the campaign trail, a possibility that admitted as "most likely".

If billionaire if he saw limited in its proposals through Congress, Moody's maintains that the economy wouldn't suffer so much ", but still" minguaria about what could have been without a change in economic policy ".

According to projections, that would most benefit from the economic program of Trump would be families with high incomes, since, among other things, would be the ones that would have tax cuts, while the medium or low income households would be affected by the job losses derived from their economic policies.

Moody's acknowledged that quantify the results on the economy of a hypotheticalPresident Trump is complicated by the "lack of specificity of his proposals", but despite this, dared to venture that, in General, the weight of the United States in the global economy if it would reduce and that the federal Government would increase itsdeficit and its debt.

The projection of Moody's will in the opinion of the President and Executive Director of the American College of Financial Services, Bob Johnson, who this week told Efethat investors are struggling between two options that don't like (Hillary Clinton andTrump), although the "consensus" on Wall Street is that the former Secretary of State is a choice "better and safer".

"There's an old saying in financial markets, ' the markets don't like uncertainty, andTrump brings an unprecedented level of uncertainty, both the election and the markets," opined Johnson.