On Wednesday, the report came that the US gross domestic product (GDP) decreased by 0.3 percent in the first quarter. The US economy has not had a weaker development since the first quarter of 2022. The information led to Wall Street Fall shortly after the trade started at 15.30 Norwegian time. Ask for Tuesday, President Donald Trump had ruled the United States for 100 days. He has pursued an aggressive trade policy with extensive tariffs. Many economists have said that this could weaken the US economy. But Trump nectar that his policy has anything to do with the decline. He puts the blame on the predecessor Joe Biden. On Wednesday, he asks that people are patient, and says he thinks there will soon be a sharp rise in the economy. – This will take time. Be patient, he writes on Truth Social. – Poor views Olav Chen, manages in Storebrand that it is to stretch it far that it is Biden’s fault. – But some of it probably hangs from Biden with a view to high interest rates and partly high inflation, which can partly link to Biden, at least, Chen says to news. But he thinks there is little doubt that the customs noise has led to the fact that consumer confidence has fallen. – Consumption has fallen, and it now provides poorer views for the American economy as well, says Chen. Excited in autumn Karine Alson Nelson in Handelsbanken tells Dagens Næringsliv that the fall in GDP is about waiting in the United States. She points to a strong import increase that follows from other increased inventory, private investments and consumption. – This autumn, when the tariffs are actually set up, we get to see how it really looks, says Nelson to the newspaper. Published 30.04.2025, at. 16.26 Updated 30.04.2025, at. 16.30
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