Fact-checking of President Trump’s peace commission speechPublished on January 22nd 14:50 GMT
tom edgington
BBC Verified Senior Journalist
Speaking at the peace commission signing ceremony in Davos, Donald Trump reiterated his advocacy for ending eight wars.
The US president also made several claims about his economic performance, including:
“The U.S. economy is booming with virtually no inflation. Inflation for the past three months was 1.2%, inheriting the worst inflation in our nation’s history.”
This is incorrect, as official inflation figures show prices rose by 2.7% in the 12 months to December 2025. , external
Inflation has fallen from 3% in January last year, but remains above the 2% target set by the US central bank, the Federal Reserve.
Moreover, President Trump did not inherit the “worst” inflation rate in history, which was 23.7% in 1920.
“Currently, the economic growth rate is 5.4%.”
According to the latest official data, US GDP grew at an annual rate of 4.3%, external 3 months until September.
President Trump may be referring to estimates from the Federal Reserve Bank of Atlanta, one of the 12 regional banks that belong to the Federal Reserve.
Their latest model suggests GDP growth for the three months to December will be 5.4%., external. However, this is just a prediction.
“We have secured over $18 trillion in commitments. [of] “New investment”
President Trump has made similar claims before, but there is no publicly available evidence to support them.
The White House website (last updated in November), which tracked new investments, said the total amount reached $9.6 trillion (£7.1 trillion)., external
Greg Auclair, a statistician at the Peterson Institute for International Economics, told BBC Verify that the White House’s tracking survey “contains commitments that may not come true.”
