Feb 20 β€’ 15:18 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Trump: The shutdown cost 'at least two percentage points' to the American GDP in 2025

President Donald Trump claims that the recent government shutdown in the U.S. cost the national GDP at least two percentage points for 2025.

President Donald Trump has publicly stated that the government shutdown in October and November, which marked the longest in U.S. history, resulted in a loss of at least two percentage points in the national GDP projected for 2025. He attributed this shutdown primarily to the actions of the Democratic Party during his remarks on Truth Social, emphasizing the need to resume operations following the current partial government shutdown affecting only the Department of Homeland Security.

Further, Trump’s comments were made in anticipation of the U.S. government's release of economic growth figures for the final quarter of the previous year and the projections for 2025, suggesting he is focusing on economic performance as a critical issue ahead of upcoming elections. The political implications of his statement are significant, as they are aimed at positioning himself and the Republican Party as the economically responsible option against the backdrop of operational challenges faced during Democratic leadership.

In addition to discussing the impacts of the shutdown, Trump also criticized Jerome Powell, the Chairman of the Federal Reserve, for not doing enough regarding interest rates. This criticism stems from ongoing concerns about inflation and economic management, with Trump asserting that the Fed must act more decisively to support the economy. Overall, the article reflects Trump's ongoing campaign strategy that intertwines economic narratives with political blame directed toward the opposition party, while also spotlighting key economic figures in his failed initiatives.

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