Analysis: Trump’s election victory equals better ‘short term’ world economy

Judo Bank Chief Economic Advisor Warren Hogan claims Donald Trump’s election victory should see a better world economy in the “short term”. However, Mr Hogan warned increased inflation could be on the cards which could “complicate” rate cuts. “It’s a net positive in the short term,” Mr Hogan told Sky News Australia. “Obviously, there's these question marks about tariffs … but in the short term we’ve seen a very strong, positive reaction from the market. “The main impact for us [Australia] is we’re going to have a better world economy in the short term, probably a little bit more inflation … this does complicate the rate cut story. “I don’t think the implications are all that strong … we are going to continue to face our own domestic inflation and economic activity challenges.”