EDITORIAL: Policy uncertainty trumps bad policy
Local markets have been remarkably sanguine in the face of uncertainty over the budget
02 April 2025 - 05:00
If there’s one thing businesses planning to invest, expand and employ more people really want, it’s policy certainty. Put another way, unpredictable policy is almost always an investment and business confidence killer.
Exhibit number one is Donald Trump’s America, where the S&P 500 and Nasdaq Composite indices posted their worst quarterly performances since 2022 on Monday as uncertainty surrounding the administration’s economic agenda roiled equity markets...
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