International News 05/11
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Geopolitical Tides: Why Kamala Harris Could Be the Key to Global Economic Stability.
The Indonesian Financial Services Authority (OJK) has recently indicated that global uncertainty is set to rise due to a number of factors, including ongoing conflicts in the Middle East and the upcoming US presidential election. Myrdal Gunarto, Global Markets Economist at Maybank Indonesia, highlighted the significance of monitoring geopolitical developments in the US, with a particular focus on the competition between presidential candidates Donald Trump and Kamala Harris. Overall, Gunarto believes that a victory for Kamala Harris would be more favorable for the global economy and financial markets. While the future policies of Donald Trump remain uncertain, his programs could lead to a decline in oil prices. However, concerns exist regarding Trump's leadership in relation to fiscal expansion, protectionist policies, and anti-electric car stances. From a business perspective, Gunarto believes that a victory for Kamala Harris would be preferable.
Plus Minus Trump dan Harris Jika Menang Pilpres AS 2024
Deciding America's Economic Destiny: The Impact of Harris vs. Trump on Taxes, Trade, and Labor.
The US presidential election has significant economic implications, including tax policies and trade relations with other countries. The policy visions of Kamala Harris and Donald Trump result in disparate outcomes with regard to the inflow of immigrants into the labor market and the supply of energy that drives industry. These discrepancies will influence the prices consumers pay for everyday goods and the borrowing costs households and businesses face on their debt. The President has the authority to take comprehensive action, particularly in the areas of trade and immigration. The following five economic impacts of the US presidential election results are worthy of note: Trump has made reducing income taxes a central tenet of his campaign. Harris has pledged to extend the tax cuts introduced by Trump in 2017 for those earning less than US$400,000. She has also stated that the tax cuts are set to expire for the wealthiest Americans.
Menilik Potensi Dampak Hasil Pilpres AS, dari Pajak hingga Defisit Anggaran
OPEC+ Sets Ambitious Oil Production Goals Amidst Geopolitical Challenges and Market Dynamics.
OPEC+, the Organization of the Petroleum Exporting Countries, has set a production target of 180,000 additional barrels per day by December 2024. However, the group is likely to encounter obstacles due to rising oil prices in the Middle East. The group's leader, Saudi Arabia and Russia, has been the subject of criticism for reducing oil production in response to increased production in China and increased oil demand from the US. OPEC+'s optimistic outlook on oil production from 2025 to 2050 is a positive development, with Citigroup and JPMorgan Chase & Co. forecasting a price increase of $60-$60. Additionally, the group is monitoring the conflict between Iran and Israel, as well as the evolving US-Israel relationship. Furthermore, OPEC+ is preparing to increase oil production by 2.2 barrels per day in the coming months. However, the fundamental conditions, such as China's increasing production and oil demand, have prompted the group to make adjustments. The 23 member countries are scheduled to join OPEC+ in December 2025.