Economists Predict Higher Inflation Under Trump

The International Monetary Fund (IMF) projects a 3.5% contraction in Argentina's economy for 2023, with a subsequent rebound of 5% expected in 2025, alongside a drop in inflation from 139.7% to 45%. In the U.S., concerns are rising over the budget deficit, with Federal Reserve official Neel Kashkari suggesting that increasing deficits could lead to higher interest rates. Meanwhile, former President Donald Trump has claimed that under his leadership, inflation would 'vanish completely,' but mainstream economists warn that his proposed tariffs and immigration policies could actually exacerbate inflation. A recent survey indicated that 68% of economists believe inflation would rise faster under Trump than under Vice President Kamala Harris, marking a significant increase in concern since July. Trump's economic proposals include substantial tariffs which could lead to higher consumer prices. Conversely, economists view Harris's policies as unlikely to significantly impact inflation rates.