hours after he is truthing about how great the american economy is, a worldwide recognized authority on global economic patterns and growth projections says not so fast my fine orange friend. rising unemployment, slowing growth, increased civil unrest, decimation of our arts and sciences MAGA _ YOU PROUD YET? OECD lowers global outlook as Trump trade war hits US growth | Reuters Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration's trade war takes a bigger toll on the U.S. economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3% last year to 2.9% in 2025 and 2026, the Organisation for Economic Cooperation and Development said, trimming its estimates from March for growth of 3.1% this year and 3.0% next year. But the growth outlook would likely be even weaker if protectionism increases, further fuelling inflation, disrupting supply chains and rattling financial markets, the Paris-based organisation said in its latest Economic Outlook. "Additional increases in trade barriers or prolonged policy uncertainty would further lower growth prospects and likely push inflation higher in countries imposing tariffs," OECD Secretary General Mathias Cormann said as he presented the report. Busted: Early morning Trump boast undercut by damning report hours later A 50-year-old intergovernmental organization with 38 member countries is pulled the covers on President Donald Trump’s claims of a “BOOMING” U.S. economy this morning. Trump boasted on Truth Social that “Because of Tariffs, our Economy is BOOMING!” early Tuesday. Within a few hours of that post, however, the Paris-based Organization for Economic Cooperation and Development (OECD) released a forecast predicting global economic growth will slow to 2.9 percent this year, down from 3.3 percent in 2024. It blamed Trump’s tariffs specifically for the doldrums. “Lower growth and less trade will hit incomes and slow job growth,” the OECD’s chief economist Alvaro Pereira told Bloomberg. for the full report or video OECD Economic Outlook, Volume 2025 Issue 1 | OECD
Maybe Trump hopes that he is damaging all the other economies around the world more than he's damaging ours. By the looks of things, he'll be lucky to have half the economy that Biden, an average president, had.
After Just 4 Months Under Trump, Fed Predicts GDP Spike for Current Quarter Heritage Foundation economist E.J. Antoni also commented on the upward adjustment, posting on X, “ATL Fed: guess we found all the ‘missing’ imports as not only does the trade deficit shrink after the Q1 explosion, but now the estimate for consumer spending is shooting up and investment has flipped positive; Q2 GDP estimate is now a whopping 4.6%.” I'm very proud of our President and everything he's accomplishing
Hard to track I'm sure but let's try. One thing is about the future. In the real world what one does today impacts the future, not the past. One thing is about the past. There's a thread for that somewhere. This isn't it.
Oh, and economic forecast could be wrong going forward because of govt cuts. https://www.wsj.com/economy/cpi-inflation-data-accuracy-8bd2a8ae
No. They utilize Internet sources, but Brick-and-Mortar pricing can differ from online. You need both. And you can't really change the mix without a ton of work...which they can't do, apparently.
