Trump predicts strong economic growth in 2026 during speech in Detroit

Subscribe to enjoy similar stories. DETROIT—President Trump said the U.S. economy was poised for solid growth this year, pointing to steadying inflation data as he sought to address one of Republicans’ biggest vulnerabilities ahead of this year’s midterm elections.

Traveling to Michigan, a battleground state, Trump sought to showcase his manufacturing and trade agenda with an address to the Detroit Economic Club and a visit to a Ford Motor plant in Dearborn, Mich., where the automaker produces the strong-selling F-150 pickup. “We have quickly achieved the exact opposite of stagflation, almost no inflation and super high growth," Trump said, weeks after the federal government said the economy expanded at a 4.3% annual rate in the third quarter of 2025, the highest growth in two years. “We’ve only been there 11 months.

Think of what we can do for the rest of it." Earlier Tuesday, the Labor Department said consumer prices increased 2.7% in December, unchanged from November’s pace and in line with the expectations of economists. Trump asserted that under his administration, “growth is exploding, productivity is soaring, investment is booming, incomes are rising, inflation is defeated." The latest federal data show that the economy is growing solidly, and wages are still rising faster than inflation. Unemployment is low, still below 5%, but many people who are out of work are having a long and difficult time finding full-time jobs.

The rate of inflation has slowed since last year. However, the public remains frustrated with high prices, potentially jeopardizing congressional Republicans’ majorities in the fall elections. A Fox News poll in mid-December showed the president with a 39% approval rating on the economy, a similar