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One Year In, Trump’s Economy Defies the Experts and Outpaces G7

One Year In, Trump’s Economy Defies the Experts and Outpaces G7
Traders work on the floor of the New York Stock Exchange after the opening bell on Dec. 5, 2025. (Angela Weiss/AFP via Getty Images
Daniel Lacalle
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Commentary

One year into Donald Trump’s new presidency, the verdict from the data is clear: the apocalyptic consensus forecasts have failed, and the United States stands as the only major developed economy combining strong growth, controlled inflation, and fiscal consolidation.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”