Donald Trump has ripped up the policy rulebook in the first half, but the world’s biggest economy has proved surprisingly resilient. Pundits even saw a first-quarter contraction as transitory.
When Donald Trump took office six months ago, economic forecasters held their breath.
The president had promised a radical political and economic agenda for his second term: a broad crackdown on migration that threatened labour supply; a dramatic downsizing of the federal government; and a new tariff regime with negative implications for growth and inflation.
