World economy needs Trump to build bridges, not burn them

President-elect Donald Trump’s big-spending plan to revitalise US infrastructure could be just the ticket to drag the world economy out of its post-crisis torpor, experts say. The Republican property tycoon’s team says he will devote $550 billion to rebuilding decrepit highways, bridges, tunnels, airports, schools and hospitals — something that President Barack Obama failed to persuade Republicans in Congress to back. The idea has support from the International Monetary Fund, the Federal Reserve and Democrats, all keen to see the United States raise its productive capacity, despite the likelihood it will also ramp up its debt.

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