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Donald Trump has been voted the 45th president of the United States in a shock result already sending jitters around the world.

Global markets took an immediate hit, although they have begun to rally as the day continues.

In his victory speech, Trump said he would bring the country together after a divisive campaign, saying: 鈥淚t is time for us to come together as one united people.鈥� He said under his presidency the US will have 鈥済reat relationships鈥� with other nations and 鈥渨ill double our growth and have the strongest economy anywhere in the world鈥�.

But economists are predicting dire consequences both in the US and across the globe. Megan Greene, chief economist at Maulife Asset Management, told the BBC this morning if Trump鈥檚 highly protectionist policies were taken 鈥渁t face value鈥� the US would have a 鈥渞ecession鈥� with implications for other countries鈥� economies and in a worst case scenario there could be an international 鈥渢rade war鈥�.

Trump鈥檚 election is likely to dismay the UK construction industry. Before the election, UK construction leaders voiced fears a Trump presidency in the US could destabilise the world economy and have a negative impact this side of the Atlantic.

鈥淣obody in senior business circles wants Trump,鈥� Ann Bentley, global chair of UK-based consultant Rider Levett Bucknall said in the run up to the election. But, referring to the UK鈥檚 vote for Brexit, she added: 鈥淛ust because the business community thinks something is insane, doesn鈥檛 mean it鈥檚 not going to happen鈥�.

Of most concern to UK construction is Trump鈥檚 protectionist economic stance.

Will Waller, market intelligence lead at Arcadis, said: 鈥淕iven America鈥檚 significance to the UK as a trading partner and investor, UK construction will hope that any potential for protectionism or isolationism will be limited.鈥�

Meanwhile, Ben Derbyshire, RIBA president-elect and managing partner at architecture practice HTA, voiced concerns a Trump presidency, hot on the heels of Brexit, could hasten a general clampdown on freedom of movement between countries for professionals.

Analysts in the US had said the result would be like the 鈥淯S version of Brexit鈥�. Mark Zandi, a former adviser to Republican president John McCain, said: 鈥淣o one is sure what kind of specific policy decisions president Trump would make and businesses would pause until they got more clarity. That would slow economic growth.鈥�