Republican presidential candidate and former U.S. President Donald Trump dances for the crowd after he spoke at a campaign rally in Derry, New Hampshire, U.S., October 23, 2023.  REUTERS/Amanda Sabga
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CNBC TV1821-01-2026, 21:10

Trump Declares 'Economic Miracle' at Davos 2026, Citing US Growth and Crushed Inflation

  • Donald Trump, at the World Economic Forum in Davos, declared an "economic miracle" in the US, attributing it to his policies.
  • He claimed his administration had crushed inflation, turbocharged growth, and revived American manufacturing within a year.
  • Trump stated the US economy was booming with rising incomes, surging investment, and inflation "defeated," contrasting it with "stagflation" under the previous administration.
  • He highlighted lifting 1.4 million Americans off food stamps, securing $18 trillion in investment commitments, and projected US growth at double the IMF's prediction.
  • Trump defended his energy policy shift, tax cuts, higher tariffs, and criticized Europe's direction regarding government spending and mass migration.

Why It Matters: Trump hailed an "economic miracle" in the US at Davos 2026, crediting his policies for growth and low inflation.

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