BAKU, Azerbaijan, January 21. The U.S. economy
is set to grow at twice the rate projected by International
Monetary Fund (IMF) last April, said the U.S. President Donald
Trump in his special address to the World Economic Forum in Davos,
Trend reports.
“Just over one year ago, under the radical left Democrats, we
were a dead country. Now the United States economy is on pace to
grow at double the rate that was projected by the IMF just last
April. And with my growth and tariff policies, it should be much
higher. I really believe we can be much higher than that. And this
is all great news and it's great for all nations. The USA is the
economic engine on the planet. And when America booms, the entire
world booms. It's been the history. And we're at a point that we've
never, I don't believe we've ever been. I never thought we could do
it this quickly,” he said.
Trump went on to add that instead of closing down energy plants,
his administration is opening them up.
“Instead of building ineffective, money-losing windmills, we're
taking them down and not approving any. Instead of empowering
bureaucrats, we're firing them. And they're going out and getting
jobs in the private sector for two and three times what they were
making in government. Instead of raising taxes on domestic
producers, we're lowering them and raising tariffs on foreign
nations to pay for the damage that they've caused. We've cut
federal spending by $100 billion and slashed the federal budget
deficit by 27 percent in the single year. It's going to go down
quite a bit more from there, driving inflation way down from the
record highs of the Biden administration,” he added.
