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US election: What would Kamala Harris mean for the economy?

27 16
24.07.2024

Just last week, it looked like a near foregone conclusion that Donald Trump would return to the White House after the November election.

But on Sunday, Joe Biden blew open the US presidential election by stepping out of the race and endorsing 59-year-old Vice President Kamala Harris.

She is expected to bring new momentum into the race and become the official Democratic nominee in August in Chicago. Harris has already seen a huge increase in fundraising, bringing in more than $81 million (€74.4 million) in the first 24 hours after Biden's announcement.

It's not just voters, donors or politicians who have taken notice. Businesses in the US and around the world are also taking stock of what this upheaval could mean. One thing companies don't like is uncertainty. Biden's decision to move aside as a candidate removes some of that uncertainty, but not all of it.

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For the country — and the economy — Biden's decision guarantees a different president in 2025. The difference between Biden and Harris though is harder to decipher.

"Harris tends to be more progressive than Biden, though I'm not........

© Deutsche Welle


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