U.S. Bureau of Labor Statistics Consumer Price Index (CPI) report

U.S. Economy Grows 12.6% Under Biden-Harris Administration, Surpasses Pre-COVID Predictions, Achieves Lowest Unemployment

Oct 30, 2024, 02:10 PM

The American economy has experienced significant growth under the Biden-Harris administration, surpassing pre-COVID growth predictions and avoiding a recession. The economy has grown by 12.6% since President Biden took office, marking the strongest economic performance in the world. This growth has been attributed to the administration's policies focused on building the economy from the bottom up and prioritizing working Americans. Additionally, the United States has maintained the lowest average unemployment rate in 50 years, further contributing to the robust economic recovery. The economy has grown 11 percent, far outpacing CBO predictions, and overcoming the worst economic crisis since the Great Depression. This period is considered the most successful pro-growth presidency in decades.