BBC Analysis: US Economic Growth at 2.2% During Trump's Term, Inflation at 3.7%, and Job Growth Slowed
BBC Verify analysis indicates that the U.S. economy is currently growing at an annualized rate of 2.2%, with overall GDP growth of approximately 3.2% since Donald Trump's second term began in late 2024, surpassing other G7 member states. Inflation stands at 3.7%, higher than the 3% when Donald Trump took office, but below the 9% peak during Joe Biden's tenure. Economists attribute the rise in inflation to new tariffs and the war in Iran. In terms of employment, an average of 34,000 jobs were added monthly, lower than in Joe Biden's final year in office. Median inflation-adjusted income is projected to grow by 2.6% to a record high of $87,460 in 2025, but the think tank ITEP estimates that low-to-middle-income households will actually be worse off due to expiring subsidies and rising prices.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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