How a critical election year could impact markets and the economy
The US presidential election will impact markets in 2024, Goldman Sachs said. Scott Olson and Drew Angerer/Getty Images Goldman Sachs broke down the repercussions of the US election in 2024. They note that elections impact economic growth, monetary policy, and financial uncertainty. A Trump-Biden rematch could be "particularly market-relevant," the bank said. A record share of the world's population will cast their vote in an election this year. According to a Goldman Sachs analysis of more than 1,000 elections across 152 economies, elections tend to impact monetary policy and raise economic uncertainty, and sometimes financial markets can swing as a result. The US presidential election isn't the only electoral contest in focus — the EU has parliamentary elections, the UK is set to hold a general election, and emerging markets economies including Indonesia, India, South Korea, and Mexico will also see key votes. A looming Trump-Biden rematch could prove...