The state of the economy: What is Donald Trump inheriting?

Voters prioritized the economy in the 2024 election, sending Donald Trump back to the White House. But what economic legacy is Joe Biden passing on to the new administration? “It’s the economy, stupid.” Coined by political strategist James Carville, these famous words have become synonymous with U.S. election success since 1992. Despite the growing influence of issues like immigration, climate change and foreign policy, many voters still prioritize economic factors when casting their ballots. President-elect Donald Trump claimed he made “the greatest economy in U.S. history” during his first term and vows to do so again in 2025. But a

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