Initiative for Policy Dialogue

It’s impossible to know what shocks the US economy will face in the next four years. But, given Donald Trump’s stated objectives and ill-considered policy proposals, there can be little doubt that the economy of 2028 will be much stronger, more equal, and more resilient if Kamala Harris wins November’s presidential election.

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As the Ukrainian government continues to adapt its economy to the changing nature of the war, as well as beginning the process of reconstruction, it will be setting the parameters for all that will follow after the fighting has ended. To deliver shared prosperity in the future, it can find valuable lessons from the past.

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There are four additional inflation risks associated with another Trump administration. The first is a tightening of immigration rules: as the US population ages, the labor force shrinks – a trend that, in the context of a tight labor market, will put further upward pressure on wages.

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Several provisions of former President Donald Trump’s tax law will expire next year. While its corporate tax rate cut is permanent—that is, it would take an act of Congress to repeal it—policymakers are gearing up for another battle over corporate taxes. A diverse range of Democratic groups are pushing for higher corporate taxes, while Republicans prioritize defending the 2017 permanent rollback and are eyeing further tax cuts.

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In Martin Guzman's BGD Insights interview, he explains the link between climate, debt and developing countries - and how to finance a sustainable way forward.

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