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STEPHEN MOORE: Economists Got 2025 All Wrong

4 1
01.01.2026

Well, Donald Trump has done it again!

He stumped the chumps. The “chumps” in this case were the “blue chip” academic and financial economists whose consensus forecast this time last year was for high inflation and low economic growth. Wrong on both counts.

As you’ve probably heard, the GDP growth for Q3 came in at a red hot 4.3% following 3.5% for the second quarter. Some 90% of the professional economists got it wrong — all underestimating the strength of the Trump economy. QED: these weren’t random errors. These were “hate Trump” errors.

They also predicted inflation of above 3% for 2025. It’s going to come in at closer to 2.7% with the last two months trending down to the Fed inflation target of 2%.

Starting in the second quarter, GDP has been nearly twice as high as predicted.

To quote the inimitable special agent Maxwell Smart: “Missed it by that much.”

This isn’t the first time the whiz kids........

© Independent Journal Review