Macquarie eyes rise of protectionism in upcoming US, EU elections [Reuters]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Reuters
SYDNEY, May 7 (Reuters) - The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global financial conglomerate Macquarie Group , its CEO Shemara Wikramanayake said on Tuesday. "The outcomes there could impact what we're seeing in the world, whether people are focused on multilateral relationships and trade or more inwardly focused," she said at the Macquarie Australia Conference in Sydney. "That's going to impact to some extent a lot of the businesses we're looking at." Over two dozen countries - home to more than half the world's population - are . India is part way through its mammoth multi-month vote while South Korea, Bangladesh and Indonesia have finished their elections. Wikramanayake said it was likely incumbent Indian Prime Minister Narendra Modi would win re-election but European Parliament elections next month and U.S. elections in November were still up in the air.
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