Economists Shrug Off Trumponomics

“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.”