Experts predict a doomsday scenario for the world’s largest economy, the United States, because of Donald Trump. His rash actions can destroy the economy. Thus, the president’s decision to halt financial stimulus negotiations with Democrats could be the beginning of the end of the American economy. Trump called off the talks at the most interesting moment. In the best-case scenario, the issue will be resolved already after the presidential election and the new Congress meeting. According to Bloomberg, this can take the US government up to 4-5 month to provide new financial aid for small businesses and unemployed citizens. Until all major issues for the American economy remain up in the air, there will be no hope of recovering in the fourth quarter 2020. Political experts believe that Trump’s unwillingness to communicate with the leaders of the Democratic Party ahead of the election is not the best decision. Even his fellow Republicans did not appreciate such a strange move. Notably, Federal Reserve Chair Jerome Powell urged the US government to increase spending to boost the economic recovery hours before President Trump's call to halt stimulus negotiations until after the election.
