Trump speaks in Davos, highlighting growth and low inflation

Investing.com -- President Donald Trump addressed the World Economic Forum in Davos, Switzerland on Wednesday, claiming significant economic improvements during his first year back in office.

In his speech, Trump contrasted current economic conditions with those under the previous administration, stating that America had moved from "stagflation" to a period of "virtually no inflation and extraordinarily high economic growth."

Trump cited specific economic indicators, noting that core inflation over the past three months has been 1.6%, while fourth quarter growth is projected at 5.4%.

The stock market has set 52 all-time high records since the election, according to Trump, adding $9 trillion in value to retirement accounts and savings.

Trump also highlighted that more than 1.2 million people have been removed from food stamp programs since his inauguration in January 2025.

The president claimed his administration has secured over $1 trillion in new investment in the country, which he contrasted with less than $1 trillion secured during the previous four-year administration.

Trump also mentioned policy changes including regulatory cuts and the use of tariffs to reduce the trade deficit, which he described as "the largest in world history" before his interventions.

During his address, Trump characterized the United States as "the economic engine on the planet," suggesting that when the American economy performs well, the global economy benefits.

The president also criticized European energy policies, noting that "Germany now generates 22% less electricity than it did in 2017" and expressed concern about the direction of Europe’s economy, stating, "I want to see Europe go good. But it’s not heading in the right direction."

Trump touched on his regulatory approach, claiming to have cut 129 regulations and implemented policies allowing businesses to deduct expenses in one year rather than over decades. He also mentioned using tariffs to reduce the U.S. trade deficit and making "historic trade deals with partners covering 40% of all U.S. trade."

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