Trump’s economy takes walloping with bleak report: ‘Big downgrade’

A bleak report released Friday showed the U.S. economy under the Trump administration grew by less than 1% last fall, a “big downgrade” from economists’ earlier projections and a troubling sign for the months ahead, NBC News reported.

From October to late December last year – 2025’s fourth quarter – the U.S. gross domestic product (GDP) grew by just 0.7%, exactly half of what the federal government had first estimated, and far below economists’ expectations. For comparison, the third quarter of 2025 saw 4.4% GDP growth...