dirhams & dollars

Trump and the state of economic disunion

Trump’s first year has seen rising stocks and protectionism. What will the second year bring?

Sarah Diaa, Staff Reporter
21:34 January 30, 2018
Donald Trump

Dubai: It’s been a little over a year since Donald Trump took office as president of the United States, and he now has to deliver his first State of the Union address. So, what can we expect? And what is the state of the United States economy a year after Trump took office?

The Business team looks at key economic highlights including a strong labour market, though, in fairness, that picked up steam under former President Barack Obama. The team also discusses the possible infrastructure bill Trump has been touting, border wall funding (that Mexico is most definitely going to pay for!), and trade tensions.

But for the UAE, what does it all mean? Well, the US dollar index is likely to see some volatility on the back of the speech, and with the UAE dirham pegged to the dollar, that volatility is going to echo here.

The team delves into all these economic issues and more on the podcast.