The US economy posted its worst quarterly performance since 2022, as President Donald Trump's significant policy shifts have rattled consumers and businesses, CNN reports. Gross domestic product, which measures the value of all goods and services produced in the economy, fell in…
Two respected publications – CNN and Reuters – conducted polls among Americans to find out their attitude towards the economic policy of the Trump administration. Traditionally, the publications’ partners were the analytical companies SSRS (Social Science Research Solutions) and Ipsos, which have a reputation for being the most reliable and showing…
On March 4, the United States began to impose 25 percent duties on imports of goods from Canada and Mexico. The duty on imports of Chinese products was increased to 20 percent. In addition, Donald Trump promised to impose 25 percent duties on imports of cars and other goods from the European Union. This…
The Atlanta Federal Reserve Bank of Atlanta's GDP Tracking Index (an economic indicator that measures in real time the rate of growth of U.S. gross domestic product in the current quarter) points to a 1,5% contraction in the first quarter, Fortune reports. Just a few days ago, it was forecasting growth…
From tax policy overhauls to renewed trade tensions, these developments could change the rules of business and family budgeting, writes Go Banking Rates. According to forecasts, four economic shocks await us on the first day of Trump's second term.…
In recent months, some U.S. politicians have renewed calls for the mass deportation of illegal immigrants from the United States. Similar promises have been made before, but they have not been fulfilled. For example, during the 2016 presidential campaign, Donald Trump promised to create a “deportation force” to detain illegal…
The coronavirus, which spread from China, has already infected more than 300 people worldwide. However, the spread of the disease has also extremely seriously affected the economies of different countries around the world, writes the BBC. The Organization for Economic Cooperation and Development has already stated that the world ...
A representative of the US Treasury Department says that US President Donald Trump's economic freedom program is key to the success and prosperity of the United States, writes Fox Business. According to the official, the whole point is that the Trump administration has “four pillars” of economic freedom.…
US President Donald Trump often says that the American economy is at a historic peak and has “never felt as good as it does right now.” Is this true or not? BBC Reality Check verdict: The US economy is now…
According to an expert at JP Morgan, the world's largest economy is not growing fast enough, and soon the United States will face a serious labor shortage. More immigrants, he said, could help make up the difference. Writes about this Fox Business. “Since 2012, the baby boom generation ...