ASV President Donald Trump’s presidency of the economy has been full of controversy and debate – although a number of economic indicators have improved, this period has been marked by intense economic issues and heated negotiations on changes in tax policy and the struggle for international trade.
When Trump took office, economic growth was stable and strong, and continued to grow for the first three years, but then the Covid-19 pandemic followed and the situation changed dramatically, so Trump was president during those two economic periods. The first lasted until March, and new positive records were set – in the labor market, stock exchanges and other sectors. The second period began in March and was the worst period in US history and achieved negative records. Unemployment reached its highest level since the Great Depression, but recovered quickly, although the future of the US economy is still in question.
Steady growth – until a pandemic
In general, Trump’s actions are mixed from an economic point of view: although economic performance has improved during this time, and he himself emphasizes that it is his merit, some economists disagree and point out that he inherited this growth from the previous president.
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