Donald Trump's recent announcement about buying a Tesla came amid a significant decline in the U.S. stock market, particularly affecting Tesla shares. His presidency, rather than fostering expected economic growth through tax cuts and deregulation, has been characterized by instability and a series of challenges, including a turbulent U.S.-Ukraine relationship and the onset of potential stagflation. Analysts are now questioning whether the anticipated economic boom was misguided, with some predicting a 50% chance of slowed growth compared to previous years, as concerns about a looming recession grow.
Instead of that virtuous spiral, the Republican's first month and a half in the Oval Office has been marked by instability.
The growing feeling is that the U.S. economy is losing steam: a report by the Swiss bank UBS published this Tuesday raises the possibility of stagflation.
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