At the start of President Trump's term, the U.S. economy was performing well, marked by low unemployment and rising wages. However, shortly after, the economic outlook turned negative due to his policies, notably tariffs and federal job cuts, which began to dampen consumer and business confidence. Forecasters downgraded projections for growth, suggesting potential risks of a recession or stagflation. While some elements of Trump's agenda might boost productivity, the overall short-term outlook remains concerning with growing uncertainty expected to continue affecting the economic landscape.
President Trump inherited an economy that was firing on all cylinders; however, soon after, the outlook became gloomier with increasing uncertainty impacting confidence and growth.
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