Donald Trump has vowed to turbo-charge the U.S. economy, but it’s been expanding well above its typical speed for more than two years and it probably finished 2024 with another burst of strong growth.

P resident-elect Donald Trump will take the oath of office on Jan. 20 against a troubling fiscal backdrop. Since his first inauguration eight years ago, federal debt held by the public has doubled from $14.

Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.

Gao’s sin? Saying that China may have grown just 2% over the last two or three years, less than half the rate Xi’s government claims. The reason Gao is allegedly being silenced is for shining a brighter-than-usual spotlight on one of the biggest perception problems facing Xi’s Communist Party: that China routinely cooks the GDP books.

In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on Thursday spouted many false or misleading economic claims. Here’s a quick rundown.

Here are five economic forces that could shape the first year of Trump's presidency: Whipping inflation is easier said than done. President Donald Trump, along side first lady Melania Trump, speaks as he meets with homeowners affected by Hurricane Helene in Swannanoa, N.C., Friday, Jan. 24, 2025. Credit: AP/Mark Schiefelbein

Trump has said members of the military alliance should spend 5% of their gross domestic product (GDP) on defence – a huge increase from the current 2% goal and a level that no NATO country, including the United States, currently achieves. Copyright 2025 Thomson Reuters.

Scott Bessent testified before the Senate Finance Committee, where the expiring Tax Cuts and Jobs Act was a major point of conversation.

Tariffs proposed by US President Donald Trump will likely stoke prices in South Africa should they go ahead, according to the chief executive officers of two of its largest banks. The newly inaugurated leader's moves will likely cause the dollar to strengthen,

U.S. President Donald Trump on Thursday said he was not sure the United States should be spending anything on NATO, telling reporters the U.S. was protecting NATO members, but they were "not protecting us.