Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Which one is right? Let's check the data shall we?
Inflation has fallen sharply from its 2022 highs, although it has ticked back up in the past several months.
Meanwhile, U.S. gross domestic product grew 2.5% in 2023, significantly outpacing that of other developed economies, according to a January report from the International Monetary Fund. The IMF projected that the U.S. will hold that lead in 2024, though it expects the rate to come down to 2.1%.
In March, U.S. private companies added 184,000 jobs, payrolls processing firm ADP reported on Wednesday, well ahead of the Dow Jones upwardly revised estimate of 155,000 jobs. It is the fastest employment growth the U.S. economy has seen since July 2023.
Meanwhile, U.S. gross domestic product grew 2.5% in 2023, significantly outpacing that of other developed economies, according to a January report from the International Monetary Fund. The IMF projected that the U.S. will hold that lead in 2024, though it expects the rate to come down to 2.1%.
In March, U.S. private companies added 184,000 jobs, payrolls processing firm ADP reported on Wednesday, well ahead of the Dow Jones upwardly revised estimate of 155,000 jobs. It is the fastest employment growth the U.S. economy has seen since July 2023.
