Donald Trump

Well, thank you very much, Larry. It's great to be back in beautiful Davos, Switzerland, and to address so many respected business leaders, so many friends, a few enemies. And all of the distinguished guests.

It's a who's who, I will say that. I've come to this year's World Economic Forum with truly phenomenal news from America.

Yesterday marked the one-year anniversary of my inauguration, and today, after 12 months back in the White House, our economy is booming, growth is exploding, productivity is surging, investment is soaring, incomes are rising, inflation has been defeated, our previously open and dangerous border is closed and virtually impenetrable, and the United States is in the midst of the fastest and most dramatic economic turnaround in our country's history.

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. But now, after just one year of my policies, we are witnessing the exact opposite: virtually no inflation and extraordinarily high economic growth. Growth like, I believe you'll see very shortly, our country has never seen before, perhaps no country has ever seen before.

Over the past three months, core inflation has been just 1.6%. Meanwhile, fourth quarter growth is projected to be 5.4%, far greater than anybody, other than myself and a few others, had predicted. Since the election, the stock market has set 52 all-time high records, so that's in one year, 52 records, adding $9 trillion in value to retirement accounts, 401 s, and people's savings.

People are doing very well. They're very happy with me. Since my inauguration, we've lifted more than 1.2 million people off of food stamps, and after four years in which Biden secured less than $1 trillion of new investment in our country.

Think of that, one trillion, substantially less than that. In four years, we've secured commitments for a record-breaking $18 trillion, and we think when the final numbers come out, they'll be closer to $20 trillion of investment. That's never been done by any country at any time, not even close.

Just over one year ago, under the radical left Democrats, we were a dead country. Now we are the hottest country anywhere in the world. In fact, the United States economy is on pace to grow at double the rate that was projected by the IMF just last April.

And with my growth and tariff policies, it should be much higher. I really believe we can be much higher than that. And this is all great news, and it's great for all nations.