US President Donald Trump’s administration is facing a stark economic reality, with its first official scorecard showing a contraction in the country’s gross domestic product (GDP). The data release comes after months of speculation about the state of the US economy under Trump’s leadership.
The GDP report, released by the Commerce Department, showed that the US economy shrank 0.1% in the fourth quarter of last year. While some economists had predicted a smaller contraction, the actual figure was still seen as a disappointment for the White House.
Trump’s economic team had been touting the strength of the US economy just days before the report was released. The President has repeatedly praised his administration’s efforts to boost growth and create jobs. However, critics argue that the contraction in GDP suggests that Trump’s policies are having an uncertain impact on the country’s economic performance.
The White House reaction to the report was muted, with officials attributing the decline to a one-time inventory correction. However, analysts say that this explanation may not fully explain the extent of the contraction. As a result, some Republicans are starting to question Trump’s ability to deliver on his economic promises.
Source: https://www.bloomberg.com/news/newsletters/2025-04-30/trump-s-first-economic-scorecard-gets-marked-with-gdp-contraction