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Global investors prefer Biden over Trump: Survey

Global investors prefer Biden over Trump: Survey
Former vice president says he will create $1 trillion more in economic growth, 7 million more jobs, compared to president

By Ovunc Kutlu

ANKARA (AA) - Investors around the world favor a victory from Democratic nominee Joe Biden over Republican President Donald Trump in the upcoming US presidential election, a survey revealed Friday.

Around 54% of investors prefer Biden being elected on Nov. 3, while 46% want Trump to remain in the White House, according to the survey conducted by Swiss multinational investment bank UBS, which was published by American news website Axios.

While investors in the US remain divided 50-50 in the survey, investors in Asia, Latin America and Europe preferred Biden with 51%, 56% and 62%, respectively.

The highest difference came in Switzerland where 66% of investors overwhelmingly preferred Biden over Trump who only had 34% support.

"72% of investors surveyed said they plan to adjust their portfolios ahead of the election," said the survey, which was based on 2,852 investors in 14 different markets in the world who had at least $1 million in investable assets between Sept. 22 - Oct. 12.

Although US economy witnessed growth under Trump, it marked its biggest contraction on record as it shrank by 31.4% in the second quarter of 2020 due to the novel coronavirus and quarantines.

"I’m going to shut down the virus, not the country," Biden said Thursday during the final presidential debate against Trump before the election.

"It’s his ineptitude that caused the country to have to shut down in large part, why businesses have gone under," Biden said about his opponent.

The former vice president argued that his proposals will create $1 trillion more in economic growth, and 7 million more jobs, compared to Trump's plans on economy.

source: News Feed
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