5 November

Ben White, a chief economist correspondent and columnist, tweeted on how pundits have underestimated the importance of pre-pandemic economic growth for US citizens.

He shares a 2019 piece depicting how Trump defied doubters with a surging economy.

Even though the economy displayed resilience, Trump’s overall approval seemed to be falling as per polls, the article noted.

Polls further revealed that the reason why the White House was focusing on the economy was because Trump’s approval rating fell to 39% due to the Muller report, but his rating on economy remained as high as 58%.

Republicans were also worried about Trump’s irrational moves that could reignite a sharper slowdown of the economy, leading to US pulling out of the North American Free Trade Agreement (NAFTA) or Trump imposing sharp tariffs on the automobile sector.

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By GlobalData

The economy was already vulnerable due to a sharp decline in federal spending.

Renewed trade wars could further push growth down, economists believed.

Read more