It's the inflation, stupid: Why a 'vibecession' is hurting Biden - despite an economy which is the envy of Europe
==========

The United States has outperformed pretty much every other major economy in the world, including Europe, in terms of economic growth. However, American consumer confidence remains low, and President Joe Biden's approval ratings are lower than his predecessors at this stage. The White House is concerned that it is not getting credit for the strength of the economy with voters. The main reason for this disaffection seems to be inflation, with rising food prices, gas prices, and rents. While the rate of inflation is dropping, prices are still rising, and over the past two years, prices have increased by around 9%. The Biden administration is hoping that its economic policies, inspired by Franklin D Roosevelt's New Deal, will eventually win over voters.

#UsEconomy #Inflation #JoeBiden

https://news.sky.com/story/its-the-inflation-stupid-why-a-vibecession-is-hurting-biden-despite-an-economy-which-is-the-envy-of-europe-13116800