Trump economic 'uncertainty' worse than '08 financial crisis levels, index shows

  • The election of President Trump is eclipsed only by the 9/11 terrorist attack and the battle over the fiscal cliff in 2011 in terms of generating doubt about future economic policy, according to the Economic Policy Uncertainty Index.
  • Increases "in policy uncertainty foreshadow declines in investment, output, and employment in the United States," the three professors who created the index wrote in a 2016 paper.
  • They do not say recession necessarily follows, only that there is a measurable economic effect from uncertainty, and they urge lawmakers to keep that in mind.

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