Trump Asked Point Blank About Economic Forecast That Predicts ‘Stagflation', Downtick In GDP Growth

4 days ago

During a Cabinet meeting on Monday, President Trump discussed his predictions for economic growth in the United States.

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Transcript

00:00I saw one economic forecast coming out from the OECD this past week, that they are forecasting

00:09stagflation for the United States, a downtick in terms of GDP growth.

00:15Do you agree with that forecast?

00:17What do you see over the course of 2025?

00:19Well, we inherited a very, very bad and perilous situation from a group of people.

00:26Again, we just got here from a group, and this takes a long time to develop, from a

00:30group of people that truly didn't know what they were doing.

00:34And you see that with not only costs, you see that with all of these fake contracts

00:38that have been given out.

00:39So we inherited a bad situation, but I think we're going to have an economy that booms.

00:43I think when it all kicks in, it's not going to take very long, because some of these people

00:48that announced that they're going to spend billions of dollars, I mean, literally, Apple

00:53is spending $500 billion.

00:56They've never made anything close to that to do that.

00:59They're building plants here instead of China, instead of other places.

01:03When it all happens, and it's going to happen very soon, these are people that are already,

01:07in many cases, they're already starting.

01:09They just announced, in some cases, they literally, they announced, but they actually started

01:15before the announcement, as you know, because some are already building.

01:19This is going to kick in.

01:20I think it's going to be amazing.

01:21So they're looking at, based on numbers that I was looking at six months ago, seven months

01:28ago, I was very concerned about the economy.

01:31We're going to have something that's like nobody's ever seen before.

01:34We have, we have numbers and we have job generation that I don't think we've ever seen before.

01:42See how it works out.

01:43But I think the economy is going to go.

Trump Asked Point Blank About Economic Forecast That Predicts ‘Stagflation', Downtick In GDP Growth

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