Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Data is clear.
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President Joe Biden claims the U.S. economy is the world's best, while Donald Trump calls it a 'cesspool of ruin.' By the numbers, Biden is correct as the U.S. economy outpaces other developed nations. U.S. gross domestic product (GDP) was 2.5% in 2023, significantly higher than other economies. The International Monetary Fund (IMF) projects the U.S. to maintain its lead in 2024, with GDP expected to come down to 2.1%. The labor market remains strong, with U.S. private companies adding 184,000 jobs in March, the fastest employment growth since July 2023. The stock market has also performed well, although prices are projected to cool in the coming year. The U.S. economy's recent outperformance is attributed to a combination of policy and luck, including significant fiscal stimulus injected into the economy and the resilience of the American financial system. However, there is still room for setbacks in the recovery, and the path of the U.S. economy's recovery remains uncertain.

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https://www.cnbc.com/2024/04/04/biden-us-economy-worlds-best-trump-claims-cesspool-data-is-clear.html