Head of Macroeconomic Research
More important than the outcome of the presidential elections per se, attention should be paid to the configuration of the new congress: the economic impact of the elections will depend substantially on its colour. The American elections on November 8 will pit Hillary Rodham Clinton (Democrat - New York) against Donald Trump (Republican - New York), Gary Johnson (Libertarian - New Mexico), and Jill Stein (Green Party - Massachusetts). The next President will take office on January 20, 2017.
Didier BOROWSKI, Philippe ITHURBIDE