The Commerce Department reported today that gross domestic product (GDP) grew at a 1.4% annual rate in the last quarter of 2025, well below the Dow Jones estimate for a 2.5% gain.
For the full year in 2025, the U.S. economy grew at a 2.2% pace, down from the 2.8% increase in 2024 (when Joe Biden was president).
Not quite the robust revival Donald Trump promised on the campaign trail, huh?
More from the New York Times:
It was a fittingly messy end to a year in which the economy proved more resilient than many forecasters feared, but fell far short of the revival that President Trump promised on the campaign trail.
Inflation, which Mr. Trump promised to end “on day one,” picked up in 2025. The trade deficit in goods, which Mr. Trump promised to shrink, hit a record high. The manufacturing sector, which Mr. Trump promised to restore, shed jobs.
The White House, in a statement, said the G.D.P. report “showed that President Trump continues to deliver robust private sector-led economic growth with strong consumption and investment.”
Trump took to his Truth Social account to blame Democrats for the 43-day government shutdown and Federal Reserve Chair Jerome Powell for not lowering interest rates as the Donald desires.
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