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By Andrei RADULESCU, Senior Macroeconomist
On 20th of January 2025 Mr. Donald Trump was sworn in as President of the United States of America, the largest economy in the world, with a nominal GDP of almost USD 30tn at the end of 2024, according to the estimates of the Bureau of Economic Analysis.
The beginning of the Trump 2.0 Administration is characterised by a positive macroeconomic climate in the US economy, as reflected by the recent developments of the macro-financial indicators. For instance, the indicator that measures the business climate across the small business (estimated by the National Federation of Independent Business) continued to increase by a strong monthly pace in December 2024, to 105.1 points, the highest level since...
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