Business Magazine

5 Economic Forces That Could Shape the First Year of Trump’s Presidency

Posted on the 24 January 2025 by Phil's Stock World @philstockworld

Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions.

The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he has to contend with headwinds like inflation, a budget deficit, increased tensions over trade, the fallout from his plans to curtail immigration and a persistent wealth gap.

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