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Al Jazeera
Al Jazeera
Politics

Consumers, businesses less upbeat about US economy despite Trump’s hype

Donald Trump United States SP Economy David Dennison Stock Market Inflation Recession University of Michigan
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, US, April 9, 2025 [File: Brendan McDermid/Reuters]

Since taking office in January, United States President Donald Trump has been hyping about the performance of the US economy.

“In the first four years, we had the greatest economy in the history of our country,” Trump (falsely) said on April 17 while meeting with Italian Prime Minister Giorgia Meloni. “I think we’re going to do even better this time,” he added, referring to his first term between 2016 and 2020.

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