WASHINGTON: President Donald Trump used a World Economic Forum appearance in Davos to tout what he called a “dramatic economic turnaround, ” unveil new housing and consumer credit proposals, and press European allies on energy, migration and Greenland, while also claiming he was close to agreements to end the war in Ukraine and lock in Middle East peace.
“It’s great to be back in beautiful Davos, Switzerland, ” Trump told an audience moderated by BlackRock CEO Larry Fink on Wednesday (local time), greeting “so many respected business leaders, so many friends, a few enemies.”
Trump said “yesterday marked the one-year anniversary of my inauguration” and argued that “our economy is booming, growth is exploding, productivity is surging, investment is soaring, incomes are rising, Inflation has been defeated.”
He contrasted that with his predecessor, saying: “Under the Biden administration, America was plagued by the nightmare of stagflation, meaning low growth and high inflation, a recipe for misery, failure, and decline.”