US financiers look to revival of ‘animal spirits’ despite concerns over threat of trade tariffs
Dealmaking, deregulation and threats to global trade are expected to dominate the conversation among executives gathering in Davos this week, as Donald Trump’s return to the White House shifts the focus of business leaders away from social issues towards growth. Many of the leading executives due to travel to the Swiss Alps for the annual meeting of global decision makers at the World Economic Forum will first attend events in Washington to mark Trump’s inauguration on Monday.
Huw van Steenis, vice-chair at management consultancy Oliver Wyman, said that Davos attendees had “rarely been so split on their investment outlook”. “Amongst US financiers, there is a shared narrative of animal spirits and deal momentum,” he said. “Whether the new Trump administration will amplify American exceptionalism and divergence from Europe and China is on almost everyone’s minds.
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