Trump decries ‘Biden’s Stock Market’ after capping worst 100-day market performance in decades

Yahoo Finance cited CEI’s expert on the newest GDP report

The Competitive Enterprise Institute, a free-market-focused think tank in Washington, D.C., was one of the many to quickly push back.

“That didn’t take long,” senior economist Ryan Young offered in a statement, adding that “the US is halfway to a self-imposed recession, and tariffs are to blame.”

Wednesday’s GDP reading came in significantly lower than the 2.4% rate of growth seen in the fourth quarter of 2024.

It was also the latest in a recent series of anemic numbers, including a below-expectations private sector jobs report, also released on Wednesday, that raises the stakes for Friday’s overall jobs report from the government.

Read more at Yahoo Finance