Bill Gross*: Trump Victory Won’t Lead
To More Economic Growth"We’re in a period of time not just in the U.S. but globally where growth has stunted, for a number of reasons I just mentioned in terms of structural, and the reason that basically our old economist friend Keynes hasn’t been mentioned in a number of years. It’s all something that relates to infrastructure. If fiscal spending is confined to shovel ready infrastructure, then there’s not much to be had in terms of growth. And so I would still stick to the one to two percent growth rate that the IMF and others are suggesting for the U.S. I don’t think a Trump victory will really do much there in terms of the policies that he’s now advocating."
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