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According to a new analysis from the World Bank, Donald Trump’s economic policies are so bad that they are likely to cause the worst decade of GLOBAL economic growth since the 1960’s. Trump’s trade war is the driving factor, and already the World Bank says that it has driven growth in poorer nations to a complete standstill. But that’s just part of the picture, and things in the United States will likely be worse than for most developed nations. Ring of Fire’s Farron Cousins explains what’s happening.
Link – https://www.rawstory.com/world-bank-s...
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
The World Bank released a, uh, prediction assessment on Tuesday that essentially tells us that Donald Trump has wrecked the economy, not just here in the United States, but across the globe so badly. And yes, it is because of his policies. He wrecked it so badly that we are looking at potentially the worst decade of economic growth in 60 years. For 60 years, we have not had anyone come into the Oval Office the way that Donald Trump has in just the first five months and wreck things so badly that he's destroying the global economy again, not just the US but the global economy. I will get into the specifics in just a moment, but first, a quick word from today's video sponsor.
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So here is what the New York Times had to say about this new assessment and prediction from the World Bank quote. Despite the weakening outlook, the global economy is not expected to fall into a recession. The World Bank said, however, the trade tension is setting the stage for the weakest decade of growth. Since the 1960s, economic development in many of the poorest parts of the world has come to a standstill already. Per the forecast, global growth is expected to drop from 2.8% last year to 2.3%, a decline of 0.4 percentage points worse than forecast in January prior to the avalanche of tariffs imposed by the US President World Bank, chief Economist