The American economy, shaking from Trump’s decisions, shadowned the recession! Latest figures increased concern

0


Photo: PTI US President Donald

US President Donald Trump They are claiming to bring ‘Golden Age’ in their country, but weak economic figures this week are creating concern, because the effects of their policies are now becoming clear. According to these data, the increase in jobs is decreasing, inflation is increasing and the growth rate has slowed down compared to last year. Trump has so far increased the fee during his six months more than six months. His new tax and expenditure bill has given a new look to America’s trade, manufacturing, energy and tax systems. He is eager to take credit for any good news and tries to blame someone else if the financial situation deteriorates. At present, the American economy is not growing rapidly that the Republican President promised.

Employment report is very disappointing

Friday’s employment report was extremely disappointing, but Trump ignored the warnings in the figures and dismissed the head of the agency that released the monthly employment figures. Experts believe that Trump’s economic policies are a political gambling, if he fails to ensure the prosperity of the middle class, measures such as fees, cost cuts and changes in tax code can pose a big political risk. Alex Concent, Republican strategist at the firehouse strategies, said that although we are at the beginning of Trump’s tenure, their impact on the economy is very high.

38 percent agreed with Trump

He said that the fees will feel the full impact on inflation by 2026. Unfortunately, it is also an election year for Republican. Associated Press-NORC Center for Public Affairs conducted a survey in July, in which only 38 percent of adults agreed with Trump’s economy management. This number is less than the end of Trump’s first term, when half of adults accepted their economic leadership.

Latest business news



Leave A Reply

Your email address will not be published.