Assessing the economic impact of Donald Trump's presidency on America's growth
By
@economist.com
Recycled flavour. You've tasted this bagel before.
Summary
The article discusses how despite Donald Trump's presidency featuring anti-growth policies like mass deportations and trade wars, America's economy has continued to outperform other major economies, with 2.1% GDP growth in 2025 compared to stagnation in Germany and weak growth in other nations. US stock markets have repeatedly broken records. The piece calculates the economic drag from Trump's fitful policymaking.
Key quotes
· 4 pulledAmerica's economy has continued to be the envy of the world.
In 2025, while Britain, France and Japan eked out annual GDP growth of around 1%, and Germany all but stood still, American output grew by 2.1%.
In the past 15 months American stockmarkets have broken record after record.
All this even as the president has unleashed seemingly anti-growth policies like mass deportations of migrant workers and chaotic trade wars.
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