A warning has been issued by a leading economist from Scotiabank regarding the potential economic implications of a second presidential term for Donald Trump.

The economist cautioned that Trump's policies could lead to extreme protectionism, a significant negative impact on population dynamics, and an increase in debt issuance to support what he described as "totally undisciplined fiscal policy."

The economist emphasized that the proposed policies under Trump, along with a likely erosion of democratic and market institutions, would be detrimental not only to the U.S. economy but also to the global economic landscape.

These concerns are being closely monitored by investors as they assess the potential for instability in financial markets ahead of the upcoming presidential election.