while the White house had as tenant a Donald Trump the economy the world’s largest had its worst performance from the government of Herbert Hoover (1929-1933), when the 1929 crisis erupted.
with a Gross domestic product (GDP) 20 times larger than that of Mexico, the economy of the United States (EU) recorded annual growth of 1% during the time Trump was in power (2017-2020).
This after expanding to average rates of 1.6% with barack Obama (2009-2016), 2.2% with George W. Bush (2001-2008) and 3.9% with Bill Clinton (1993-2000), according to statistics from the U.S. Department of Commerce.
The last time Mexico’s main trading partner grew so little was when Hoover ruled the American Union, between 1929 and 1932, and its economy shrank by 5.3%, after in October 1929 it originate the call Great Depression, Which replicated almost worldwide and lasted through the 1930s.
It also reads: At the time of leaving power, Trump stops deportation of Venezuelans and gives them work permits
Nearly nine decades later and after the passage of 13 presidents, Trump took the reins of the richest country in the world and implemented a policy of tax cuts and boosted public spending, which allowed him to deliver good economic results before the arrival of the Covid -19.
If 2020 is ruled out, when the worst pandemics wreaked havoc, the TO START of the United States recorded an average rate of 2.5%, the highest since Bill Clinton.
There are analysts who believe that if the coronavirus had not erupted as the worst health crisis in 100 years, or killed so many Americans, more than 400,000 to date, Trump would possibly be about to ratify a second term, thanks to the expansion that the economy had during its government.
occupation
During the four years of the New York, 2.8 million jobs were lost, although by 2020 the balance was positive at 6.6 million jobs, according to figures from the United States Department of Labor.
Also read: One day after Trump’s farewell, the weight reaches its best against the dollar in 10 months
This is the most drastic destruction of jobs in an administration since comparable record, from the tenure of Franklin D. Roosevelt (1933-1944).
inflation
With Trump, consumer inflation reported an average annual rate of 1.9% with a pandemic and 2.1% without it. In both cases it was higher than with Obama, when an average of 1.4% was reported, although the increase was smaller than in Bush, when prices rose 2.8%, according to data from the Department of Labor of the American Union.
markets
Trump says goodbye to the White House with booming New York stock markets, in part because tax cuts on businesses allowed them to raise net income.
The Dow Jones industrial average, which brings together the 30 largest companies in the American Union, accumulated a gain of 56% during his tenure and reported 141 days of all-time highs, results not seen since Clinton.
It also reads: EU carries out the latest execution of Trump’s term
Considered the most representative index of the real situation of the American market, the Standard & Poor’s 500 added a yield of 67% and 166 sessions of highs, while the Nasdaq technology indicator accumulated an advance of 138%. and 213 days of breaking records.
Trade
Tensions with China and uncertainty over world trade will possibly be Trump’s most remembered legacy. During his administration, the trade balance of the American Union accumulated a deficit of 2.3 trillion dollars compared to the 2 trillion that Obama reported in his first four years, the Department of Commerce notes.
The United States maintained the largest negative balance with China and second with Mexico, where it accumulated a deficit of $ 357 million for the purchase and sale of goods in the last four years.
Hope
The International Monetary Fund estimates that the U.S. economy will report an average annual rate of 2.5% during Joe Biden’s first term, from 2021 to 2024. If this scenario is confirmed, it will be the same growth rate that Trump maintained before. of the pandemic.
It also reads: Distrust, the legacy in transatlantic relations
However, the self-proclaimed country of freedom and opportunity will continue to be surpassed by the rest of the world, as the same body estimates that the global economy will expand 4.2% over the next four years.