Mark Zandi, Chief Economist at Moody’s Analytics, points out that the American economy is currently the envy of the world. The outcome of the Presidential election could change the course of the economy since the two candidates have put forward very different policies. One key difference is the size and scope of tariffs. High and broad-based tariffs would raise prices which would have knock-on effects on monetary policy, growth, and government deficits. Another difference is the promise of large-scale deportations. This would adversely affect the number of workers available for many industries – for example, a shortfall in construction workers would contribute to higher housing prices.

Overall, the candidates’ policies reflect very different orientations, and quite distinct views of the economy. Mark joins EconoFact Chats to discuss these differences, and their implications.