Thursday, May 1, 2025

It's official: Trump tanked the economy in his first 100 days


HeadlineForbes

Derek Saul reports:
Negative GDP growth is rare for the U.S., occurring just three times over the last decade: 2020’s first two quarters as the COVID-19 pandemic ground the global economy to a halt, including a record 28% GDP contraction during the second quarter, and Q1 2022, when the Fed enacted its first interest rate hike in more than three years as inflation soared to a multidecade high.  [emphasis added]

 

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