“Trump is already the president at Davos - which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel.Ī little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016. A common critique of those who attend the forum is that they are a contra-indicator of what’s to come, so their expectations could bode well for Biden or for Trump’s Republican rivals. That said, the Davos crowd often gets things wrong. “I think this negative talk about MAGA will hurt Biden’s campaign,” he added. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said. “Just take a step back and be honest,” Dimon said, listing the things that he thought Trump got at least partially right: NATO, immigration, the economy, China and more. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake. Jamie Dimon of JPMorgan Chase also got a lot of attention for his comments. One senior banker told DealBook that you only had to look at the polls to figure out that Trump was on track to win. Many pointed to the headlines and the mood in the U.S. The predictions of a Trump victory came in different forms. The closest they’ve come? Referring to it as a “geopolitical risk.”īut talk to executives privately, and they’re more explicit: They expect Donald Trump to win and while many are worried about that, they are also resigned to it. Publicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. The Davos consensus on the presidential election
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