Ahead of the US mid term elections, Donald Trump says he's turned the US into the "world's hottest economy". 🗽
What does the evidence show?
I've had a look for BBC Verify.
Here's 6 key charts 📈📉...
Accounting for the combined impact on households' costs of 1) tariffs/Iran war, 2) federal health subsidy cuts 3) Trump's tax cuts - analysts estimate that most households are worse off than they would have been - apart from the top 1%, who benefited disproportionately from the tax cuts...
Bottom line:
The overall US economy is faring better than many expected after Trump launched his "Liberation Day" tariffs in 2025.
But those import taxes and the impact of the US war with Iran have pushed up inflation, with the harmful effects felt by most American households...