Despite rosy forecasts, the US economy faces powerful headwinds that call into question its ability to serve as the world’s main growth driver. These challenges are compounded by domestic and geopolitical uncertainties that have not been reflected in market valuations and economic assessments.
explains why economists and investors are far too optimistic about America’s near-term prospects.
Donald Trump – who spent his presidency lambasting NATO – recently suggested that he would encourage Russian aggression against NATO allies that had not met their commitment to spend 2% of GDP on defense. With Trump vying for another term in the White House – and the Ukraine war still raging on the European Union’s doorstep – EU countries can no longer ignore the difficult but essential task of taking charge of their own security.