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<b>Ruchir Sharma:</b> Why Donald Trump can't make it 1981 again

Falling population growth means every class of countries needs to adopt new math of economic success

Illustration by Ajay Mohanty
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Illustration by Ajay Mohanty

Ruchir Sharma
As if Donald J Trump’s victory wasn’t surprising enough, the economic reaction has been even more stunning. Despite forecasts of a stock market meltdown if he won, the market registered one of its strongest post-election rallies in more than a century. Now the euphoria is spilling into the wider economy, with business confidence skyrocketing and consumer confidence hitting a 15-year high. Much of this excitement is inspired by a growing consensus that Mr Trump could be the most-business friendly President since Ronald Reagan.

Indeed Mr Trump’s advisors say that over the next decade, their plans for tax cuts and deregulation
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