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Economists Shrug Off Trumponomics

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“Economists have learned to stop worrying about Trumponomics,” the Wall Street Journal reports.

“After President Trump announced his ‘Liberation Day’ import tariffs in April, a group of economists regularly surveyed by The Wall Street Journal slashed their forecasts for economic growth in 2025 from over 2% to a measly 0.8%, measured from the fourth quarter of the prior year.”

“But as many tariffs were scaled back and the impact of the remainder proved more muted than expected, forecasters pushed their estimates back up. Increased investment in artificial intelligence last year also helped drive growth and productivity. Forecasters now expect gross domestic product, adjusted for inflation, grew 2.3% in 2025.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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