Since the president Donald Trump has been re-elected, the uncertainty of the U.S and global economy is thicker than ever. Opinions even among the Americans have been divided in to two. When one side expects America's substantial growth, others are concerned about the inflation.
Economists at the Bank of America expected America to be on the solid ground, according to Yahoo Finance (Canal, 2024). Despite the Donald Trump's policies, which can be viewed somewhat inflationary, they predicted U.S. economy to have some buffer, if financial crisis happens, compared to other countries like European countries and China. According to the data from the article, United States economy has been seeing steadier growth than other countries since Covid (Canal, 2024). Because of this, they viewed American economy to be more resilient.
While Economists predicted America to be in the safer place, service based businesses is up to expand in December due to the concern of inflation (Kirby, 2025). They are to prevent the loss of their revenue that could occur when inflation happens. The demand of the service also increased, suggesting the concerns of inflation is not only for business owners but customers too.
In the midst of every crisis lies great opportunity. With the dawn of new era, the change is inevitable. I just hope the crisis isn't too grand for us to get crushed beneath.
Reference:
Canal, A. (2024, December 4). US economy poised for 'solid' growth in 2025 because America 'doesn't import recessions': BofA. YahooFinance. https://finance.yahoo.com/news/us-economy-poised-for-solid-growth-in-2025-because-america-doesnt-import-recessions-bofa-110011744.html
Kirby, J. (2025, January 7). U.S. Services Sector Picks Up Pace Ahead of Trump Inauguration But Inflation Fears Linger. Wall Street Journal. https://www.wsj.com/economy/central-banking/u-s-services-sector-picks-up-pace-ahead-of-trump-inauguration-but-inflation-fears-linger-953b5a0f
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