Economics

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Trump tells business chiefs he needs 'little bit of time' as US economy shrinks (www.bbc.com)

submitted 2 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

He claimed the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% in the previous quarter. It comes as Trump marks 100 days in office, with opinion polls indicating public discontent over his economic stewardship.

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[–] Oyu_Fka@lemm.ee 16 points 2 days ago (1 children)

Just because Zelensky was once a comedian, who stepped up to became a strong and capable president, it doesn't mean employing a bunch of clowns to run your country is necessarily a good idea, lol!

I honestly can't wait to see how trump and his circus explain their way out of this - trump's already trying to pin it on the previous Biden govt. ffs 😵‍💫.

[–] snekerpimp@lemmy.world 4 points 2 days ago

“Biden left the worse economy, the worst of all time, just to make me look bad. We should lock him up so he doesn’t ruin the economy anymore!!!”

I’m sure some of those words would be all caps, for importance.