Donald Trump’s surprise victory in the U.S. presidential election upended global markets, as investors assessed the risk of a shift in U.S. presidential leadership. Volatility hit emerging markets, with sell-offs from Asia to Latin America, while U.S. equity markets saw guarded optimism for Trump’s infrastructure spending and tax cuts. The global economic recovery since the 2008 crisis continues to be slow, with anemic growth forecasts for years to come.
On November 16, AGSIW hosted a roundtable with Christof Rühl, the Abu Dhabi Investment Authority’s first global head of research, who addressed the Trump effect on the global economy, as well as the interface between oil markets and global economic performance. The session explored current drivers of global economic performance and anticipated risks.