Trump in Davos: ‘When America Booms, the Entire World Booms’
[Video below.] President Donald Trump told an international audience on Wednesday that the strong performance of the U.S. economy one year into his second term is driving growth far beyond America’s borders, delivering benefits to countries around the world.
Addressing the World Economic Forum in Davos, Switzerland, in remarks broadcast live on Newsmax and Newsmax2, Trump argued that global prosperity is closely tied to America’s economic health. “The USA is the economic engine on the planet, and when America booms, the entire world booms,” Trump said. “It’s been the history. When it goes bad, it goes bad… when America booms, the entire world booms.”
Marking the anniversary of his inauguration, Trump portrayed an economy that he said is gaining momentum across multiple fronts, including faster growth, higher productivity, rising investment, and increasing incomes for Americans.
He asserted that inflation has been brought under control and claimed that the southern border is now shut down and effectively sealed off.
Pointing to recent figures, Trump said inflation has run at 1.6 percent over the last three months and projected that economic growth in the fourth quarter will reach 5.4 percent, calling those numbers proof of a sharp turnaround.
Trump also cited gains on Wall Street, saying markets have reached 52 record highs since the election and that retirement accounts and personal savings have grown by an estimated $9 trillion.
He contrasted the current economic environment with conditions during the previous administration, which he described as a period defined by stagnation and rising prices. “America was plagued by the nightmare of stagflation, meaning low growth and high inflation, a recipe for misery, failure, and decline,” said Trump. “But now, after just one year of my policies, we are witnessing the exact opposite: virtually no inflation and extraordinarily high economic growth.”
According to Trump, businesses and investors have pledged a combined $18 trillion in new investments, a figure he said could ultimately climb to $20 trillion, which he described as unprecedented anywhere in the world.
He added that U.S. economic expansion is now running at almost twice the pace forecast by the International Monetary Fund last spring and said additional acceleration is expected as a result of his economic and tariff agenda. “And with my growth and tariff policies, it should be much higher,” he said. “I really believe we can be much higher than that, and this is all great news, and it’s great for all nations.”
Trump concluded by stressing how quickly the shift has taken place, saying the pace of improvement exceeded his own expectations and describing the change as the most significant economic turnaround in American history.
{Matzav.com}
