The USA has the best, post COVID, fastest recovering, economy IN THE WORLD. Our economy at not be perfect, but considering what we’re recovering from it is BEST IN THE WORLD.
“Falling inflation, rising growth give U.S. the world’s best recovery
“The European economy, hobbled by unfamiliar weakness in Germany, is barely growing. China is struggling to recapture its sizzle. And Japan continues to disappoint.
“But in the United States, it’s a different story. Here, despite lingering consumer angst over inflation, the surprisingly strong economy is outperforming all of its major trading partners.
“Since 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a recession while offering lessons for future crisis-fighting.
…
“Over the four years through September, the most recent comparison available, U.S. wages — after inflation — grew 2.8 percent.
“Most other countries in the Group of Seven industrial democracies saw a decline, according to Treasury Department data. Italian wages sank by more than 9 percent over that period, while German workers earned 7.2 percent less than they had before the pandemic.
“The U.S. has seen a particularly strong GDP recovery, and inflation has cooled sooner and more quickly than in other large, advanced economies. And the increase in real wages is unique to our country’s recovery,”
https://www.washingtonpost.com/business/2024/01/28/global-economy-gdp-inflation/
#Biden
#Economy
#Jobs
#Inflation
#Democrats