White House hopes positive GDP report will placate recession ‘panicans’

White House hopes positive GDP report will placate recession ‘panicans’


President Donald Trump is hoping highly anticipated economic data, particularly Wednesday’s second quarter economic growth report, will placate recession “panicans” after the president upended the economy with his tariff and trade policies.

In part, Trump won last year’s election because of the perception that he would be better for the economy after a 40-year-high inflation, at least in comparison to then-Vice President Kamala Harris following four years of former President Joe Biden.

But six months into his second administration, after stock market turmoil and amid ongoing business uncertainty, Trump has an average net negative approval rating regarding the economy, 42% approve-57% disapprove, according to RealClearPolitics.

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For context, Trump’s general average approval is less net negative at 46% approve-51% disapprove.

However, the White House hopes Wednesday’s second-quarter gross domestic

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