U.S. economic outlook after presidential election is "very uncertain"

U.S. economic outlook after presidential election is "very uncertain"

In low-income countries, the share of food costs in income or consumption expenditure, or Engel's index, is high

The Engel index in the U.S. is currently the highest in the last 30 years. Moreover, the employment of foreign workers has increased by 3.86 million since 2018, but the employment of Native Americans has not increased at all, but rather decreased slightly

Furthermore, the U.S. economy, like Japan and China, which have fallen into a "real estate trap," has seen a healthy balance between "real estate prices and income" broken by a sharp surge in housing prices in the past decade or so, leading to a significant decline in the real spending capacity of the private sector due to a surge in housing costs

The government's fiscal deficit and the size of the government's debt have increased on an astronomical scale over the past four years to compensate for this decline in private spending

Eventually, the U.S. economy will either abandon fiscal intervention and endure the recession as it is, or expand fiscal spending despite the astronomical fiscal deficit or debt scale, causing chaos in financial markets around the world and at the same time creating a "hyper-inflation" environment not only in the U.S. but also in countries around the world

In any scenario, the outlook for the U.S. economy after the presidential election is very pessimistic