Citigroup: global recession in case of Trump victory

If Donald Trump will become the next president of the United States, this event will cause a global recession order "0.7 / 0.8%" due to the uncertainty about the future of the economy that the victory of the Republican candidate would bring with him . This prediction of the US banking giant Citigroup, in a research conducted by its chief economist, Willem Buiter. On the contrary, a Hillary Clinton victory, accused of being very close on Wall Stret which Citigroup is one of the pillars, would not alter the course of the world economy for "continuity in its policies."

"The elections could be followed by a major fiscal boost, perhaps as a deal is struck to increase infrastructure spending while allowing companies to repatriate foreign profits at a discounted rate (under a Clinton or Trump administration) or due to sizable tax cuts (more likely under Trump)," Buiter writes.