Economy and macroUpdated November 9

Krugman says Democrats’ win reflected economic frustration and a broader rejection of Trumpism.

In his interview with Martin Wolf, Krugman says the result was almost certainly about both economic frustration and a broader rejection of Trumpism. The economy mattered, he said, but the scale suggested more than an economy-only protest. On November 7, he expected a roughly 13-point Democratic margin in the House popular vote, contrasting it with Trump’s roughly 1.5-point popular-vote win in 2024. He also pointed to a huge shift among Hispanic voters and a large surge among Black voters. Krugman said polling put the economy first and corruption a strong second.

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Coverage started November 9