Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA
Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA
Richard Harris
Opinion

Opinion

The View by Richard Harris

US prospects look bleak as coronavirus, recession and debt leave little room to boost the economy

  • Regardless of who wins protracted US election, economics trumps politics and the current economic environment gives no political party room to manoeuvre
  • America’s economic prospects look grim yet the stock market’s future appears bright amid expectations of a fresh round of government stimulus

Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA
Demonstrators gather in front of Independence Hall in Philadelphia, Pennsylvania, on November 4 during a rally to ensure every ballot is counted in the 2020 US presidential election. The prevailing economic conditions in the US suggest that, whichever party holds the presidency, they will find it difficult to stabilise the economy. Photo: EPA
READ FULL ARTICLE