According to Ernst & Young chief economist Gregory Daco, who published a report last Friday (January 31, 2025), the economy is predicted to lose 1.5 percent from GDP in 2025 and 2.1 percent in 2026.
Rising prices and a shrinking economy -- that is a horror known as stagflation where if the Fed loosens... the inflation gets worse and if it tightens to combat inflation, the economy goes into a coma.
Shooting
from the hip might be a way to run a property company... although
Trump's business bankruptcies give it a lie. It is certainly not the way to lead
a country.
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