How is the US economy really doing under President Trump?

Image for article How is the US economy really doing under President Trump?
News Source : BBC News

News Summary

  • US GDP is expanding at an annualised rate of 2.2%, according to the latest data.
  • But inflation has picked up since Donald Trump returned to office in January 2025.
  • The impact of the Iran war on global energy prices has also helped push up inflation.
  • The US economy is also being helped by an AI investment boom, and could falter if that spending were to dry up.
  • The median income - after adjusting for inflation - rose 2.6% in 2025 to $87,460.
The growing deficit is also one of the reasons the US government gets charged more to borrow money in financial markets.

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