“What could go wrong?” – sarcastically noted an insider while discussing the impact of Donald Trump’s second term on the economy.

The so-called Trump Effect at the World Economic Forum is reflected in the unbridled optimism of the business elite about the future of the US economy. Even fears of tariffs or inflation are being sidelined.

Trump has already signed a series of executive orders: a national energy emergency, withdrawal from the Paris Climate Agreement, and a freeze on new regulations. JPMorgan’s head, Mary Callahan Erdoes, called this a “pro-business environment” and stated that “animal spirits” in the economy are alive again.

Cryptocurrencies have become another hot topic of the forum. Coinbase CEO Brian Armstrong emphasized, “Trump wants to be the first crypto-president.” This sentiment is supported by new appointments, such as Paul Atkins at the SEC and David Sacks as a crypto advisor.

However, not everyone is optimistic about the long-term outlook. Economist Ken Rogoff predicts that the economy will slow down in the second half of the term, despite a strong start.

Europe and China, on the other hand, have called for cooperation. European Commission President Ursula von der Leyen stated that Europe is ready to protect its interests but remains open to negotiations. China also expressed hope for stabilizing relations.

Davos is in full swing, and the discussions are far from over.