The economy is counting on Trump: “American business has high hopes for D. Trump. This is visible in the stock market quotations and in the mood of small business,” emphasized Pekao analysts. The data they presented showed that entrepreneurs' optimism increased in relation to the US economic prospects for next year – are expected to influence it tax cuts and “broadly understood deregulation, incl giving up climate policy“.
What makes the USA superior to others? The analysis highlights economic aspects thanks to which the USA they gain an advantage over their biggest competitors – China and Europe. These include: rich deposits of resources natural (crude oil, gas), scientific and implementation research – the best universities are located in the USA, and the government also spends the most in the world on research (PLN 762 billion). dollars in 2023, compared to USD 687 billion in China and PLN 408 billion in the EU) and a favorable environment for business development – including, among others: deep capital market.
Europe lagging behind: While the only country that can still compete from the USA, there is China, European countries are increasingly moving away from them. Analysts gave the example of the issue of innovation, which has a large share in the United States regulate the success of the economy. “In the United States, there are costs of closing a loss-making business much smaller than in Europe […] This is important because most innovative projects fail. […] A company or fund that undertakes to finance innovative investments counts not only potential profits, but also expected losses in case of failure – a those in Europe are serious enough“that innovative companies generally decide to look for their fortune on the other side of the Atlantic,” experts explained.
More on the topic situation in the United States, we wrote in the article: “Trump's opposition achieved nothing. The US will avoid a budget disaster“.
Sources: pekao.com.pl, X